consists of a large portion of affordably priced hotels in the 3-star range that have a lower ADR to our former less diversified, entirely 5-star portfolio of hotels. Overall occupancy rate fell to 62.4

year, the net profit of the Corporate Group increased by 1.56 percent. This was due to expansion of distribution channels and use of business strategy, namely “Complete Set of Beauty, Entirely Filled

REIT entrusted by the Trustee, the REIT manager shall provide qualitative and capable operating systems to support the work under its responsibility entirely. In this regard, the systems shall comprise

-up stores in tourist destination, which included Khao-Sō-i restaurant in Chiang Mai under the concept of "After You Tea House”, offering entirely new items that are not available at other branches

completely by May 30, 2018, or any other day mutually agreed by the Company and SUTGH. The key conditions precedent could be summarized as follows: (1) The Company has acknowledged the outcome of legal and

strategy, namely “Complete Set of Beauty, Entirely Filled with Diamond Brand”, through every distribution channel, as well as continuous expansion of sales and marketing base in both domestic and overseas to

2017, namely ESCENT Nakhon Ratchasima, ESCENT VILLE Chiangrai and ESCENT VILLE Chiangmai, are currently undergoing preparation for construction. ESCENT Nakhon Ratchasima have been entirely sold out

Results The slowdown in Country’s economic conditions has persisted. Nonetheless, the Corporate Group still adheres to its business strategy, namely “Complete Set of Beauty, Entirely Filled with Diamond

188,471,357.96. Enclosure 3 2 equivalent to THB 4,275,683,281.33 (such amount is entirely principal) (the “Net Trade Debt”). 6. Under the said MOU, the Company wishes to repay the Net Trade Debt of USD 123,899,729

Remarks: 1. The Company may either entirely or partially allocate the newly issued ordinary shares, whether in single or sequential allocation. In any case, the aggregate number of newly issued ordinary