-current Assets increased by THB 669 million driven by (1) an increase of THB 709 million in investment in associated companies, in which THB 681 million was from the investment in NRIP, and another THB 29

Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004 (collectively, the “Notifications on Acquisition or Disposal of Assets

is consisting of Bank deposit pledged as collateral decreased amount of 0.83 million Baht or 26.95%. Investments in associated companies decreased amount of 8.53 million Baht or 5.15%. Investment

company engaging in the management of hotels and investments in international hotel companies. Over the past four fiscal years (year 2016-2019), the Company’ s consolidated total assets has grown at an

disposal of ordinary shares in joint ventures and associated companies THB (191)mn. Net cash used in financing activities was THB (491)mn. The key components were the net repayment of long-term loans from

companies. Therefore, there was no similar type of business in the industry that can be used as a benchmark for comparison. Not include transaction related to the novation of the M&E systems under the

/Companies HPC Hongsa Power Company Limited, an indirect joint venture in proportion of 40 percent NRER Nexif Ratch Energy Rayong Company Limited, an indirect joint venture wholly-owned by NERS NRES NEXIF

Company has hold 99.99% of shareholders of four companies which are Asia Patana Land Co., Ltd (AP) is in real estate business. It has developed 5 property projects, consist of 3 projects as properties for

pledged as collateral decreased amount of 2.42 million Baht or 78.57%. Investments in associated companies decreased amount of 3.69 million Baht or 2.23%. Investment property increased amount of 2.27

Page 4 of 9 Overview The Company is a holding company engaging in the management of hotels and investments in international hotel companies. Over the past four fiscal years (year 2016-2019), the Company