The SEC proposed to amend the regulations relating to annual fee regime for intermediaries to improve equality of fee rate among intermediaries operating the same activities and to ease the burden

ประสบการณ์ในการให้คำปรึกษาโครงการที่สำคัญ เช่น การพัฒนาความยากง่ายในการประกอบธุรกิจ Ease of Doing Business และการจัดทำแผนธุรกิจขององค์กร เป็นต้น _______________________

sector will have fund source for development of infrastructure which will help ease burden on government budget.The consultation paper is available on the SEC website at www.sec.or.th. Stakeholders and the

market personnel for ease-of-use; for example, qualifications, approval process, and duties of the capital market personnel. The draft rules also include a wealth advisor as a new type of capital market

all countries where the Company owns or operates its businesses. Significant Developments Impact from COVID-19 pandemic The Company announced the temporary suspension on hotel operations from April 1

lessen countrywide spread control measurements, Thai economy was slowly recovering from the world economy contraction. Private consumption slightly recovered from the ease of measurements. Export sector

Management 11  Market Risk Management 14  Liquidity Risk Management 16  Operational Risk Management 17  Cyber Risk Management 17  Strategic Risk Management 19 3. Business Directions and Operations of Core

Company Limited (the “Company”) would like to inform management discussion and analysis for its results of operations from the financial statements for the three-month period ended 30 June 2019 as follows

Management and Risk Factors 7 2.1 Credit Risk Management 7 2.2 Market Risk Management 7 2.3 Liquidity Risk Management 8 2.4 Cyber Risk Management 8 3. Business Directions and Operations of Core Businesses 9

% Management service 1.1% Other income 1.2% Hotel Property development Food and beverage Management service Revenue from property development operations through sales of residential projects in both low rise and