Separate Financial Statements Increase (Decrease) % 2018 2018 2017 Total revenues 1,626,468 1,544,670 1,644,433 (17,965) (1.1) Sales and service income 1,614,607 1,531,983 1,637,162 (22,555) (1.4) Cost of

% Services Income structure of 1H/2019 Page 5 of 8 amounted to Bt271.8 million, a decrease of Bt90.6 million or 25.0%(y-o-), representing operating profit margin, EBIT Margin at 28.6% and EBITDA of Bt422.7

: Overall operating results for the six-month period ended June 30, 2019 and June 30, 2018 (Unit: Thousand Baht) Consolidated Financial Statements Separate Financial Statements Increase (Decrease) Q2/2019 Q2

growing less than expected and moreover Thai foreign exchange rate of the Baht was appreciate that cause Financial Institutions Policy Committee announce to decrease the policy rate to 1.25% per year that

and expenses as much as possible to adjust to the continuous decline in revenue due to the effects of the current economic situation, which is expected to continue through the year 2020. In the Tooling

affected and may be left behind if there is no collaborative effort to address the issues from all sectors. Research by UNDP shows a decline in government budget for biodiversity management over the past

impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons and the opinions of the bondholders’ representative. The bondholders

decline of approval for the above matters with respective supporting reasons and the opinions of the bondholders’ representatives. The bondholders are, therefore, encouraged to thoroughly review the

due to the decrease in Chinese tourists, there was impact from closed partial hotel’s area for renovation Ibis Styles Chiangmai Hotel in the third quarter of 2019 and the smoke pollution crisis in

profit margin of 24.5%, a decrease compared to last year at 29.2% and representing earnings per share of Bt1.47. Table summarized the operating results of the Group (unit : Bt million) Page 3 of 6 1.1