DCORP 148/2017 November 13, 2017 Subject: Report on the overall operation for the first nine-month of the year 2017 ended September 30, 2017 and the decrease in the overall operation more than 20 percent

Execution due to Acquisition or Disposal of Assets”. 3.3 The reason of the acquisition Due to the overall of automotive group business has rapid change and continuing decrease the growth and slow down

Million or 5.9 percent. Finance cost amounted to Baht 628 Million representing a decrease from the same period of the previous year by Baht 174 Million or 21.7 percent due to in the year 2018 the Company

the Company shall increase Page 4/11 from 77.3 percent to 87.3 percent and Ms. Kanjana Pongpatanadecha’s shareholding proportion shall decrease from 18.7 percent to 8.7 percent. The Company is therefore

due to the decrease of Operating Revenue of Self- Managed Hotels and Outrigger Hotels from COVID-19 pandemic. Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels

million or 40% from Q3/2022, corresponding to the increase in sales revenue, as well as the decrease in costs from higher production volumes and in economies of scale. • Gross Profit Margin in Q3/2023 was

cafés as well as the Company's ability to manage costs effectively. EBITDA margin in 2023 was 31.8%, slightly decrease from 2022. E B I T D A a n d E B I T D A M A R G I N : Q 4 / 2 0 2 3 K e y F i n a n

/2024, the Company’s credit card revenue was 1,794 million baht, a decrease of 9.8% from the previous year, accounting for 36% of total revenues due to contraction of credit card receivable from the

current reported period. The cost of sales is impacted by inventory gains/losses wherein inventory gains decrease the cost of sales and inventory losses increase the cost of sales. Core Net Profit is the

reported period to the end of the current reported period. The cost of sales is impacted by inventory gains/losses wherein inventory gains decrease the cost of sales and inventory losses increase the cost of