Central Retail Corporation Public Company Limited Page 1 Overview of the operating result for the fourth quarter of 2019 The company’s total revenue for the fourth quarter of 2019 was THB 63,405

March, 2020. The details are as follows; Operating Performance 1. Revenues Unit: Million Baht In the overview of Revenue from sale – net for the 1st quarter 2020 under the situation of the Outbreak of

(SHR_2020_CS-02_022) Management’s Discussion and Analysis for the performance of the six months ended of the year 2020 Business Overview For the six months ended of the year 2020, S Hotels and Resorts Public

-02_012) Management’s Discussion and Analysis for the performance of the three months ended of the year 2020 Business Overview For the three months ended of the year 2020, S Hotels and Resorts Public

, high level of capacity availability, and significant advances in the consistency of our products. Parallel a shift is taking place in the corporate culture, that our improved health and safety record

Baht appreciation, affected to production competitiveness that manufacturers made decision to shift production base or import materials from foreign. Similarly, private investment sector and employment

3,169mn. OOH media continues to benefit from the structural shift in the media industry and people’s behavior to spend more time outside. Online media, which reports on a yearly basis by the Digital

includes Transit, Outdoor and In-store media with a market share of 12.9%, resiliently increased by 2.6% YoY to THB 3,394mn. OOH media continues to benefit from the structural shift in the media industry

% YoY to THB 14,125mn. Meanwhile, Outdoor media– segment which MACO focuses on – bucked the trend, increased by 12.8% YoY to THB 6,391mn. In recent years, advertising industry has witnessed the shift in

– continued to buck the trend, OOH media with a 13.1% market share, increased by 7.0% to THB 9,805mn1. OOH media continues to benefit from the structural shift in the media industry, the ongoing trend of people