to Baht 110.00 million and Baht 350.00 million, respectively, these increase proceeded from the initial public offering. Meanwhile, as of 31 December 2016 and 30 September 2017, the Company’s property

of initial public offering of Trust’s units and the value of the acquisition of Trust’s units will not exceed THB 500.00 million and also approve the Company and/or subsidiary companies to obtain

, and environment. The Q3 /2020 is the period that the Company has boost the productivity since the Company can utilize new warehouse space after raising fund from initial public offering. Additionally

Samui and will expand the customer society 8. Sources of Funds At first, the Company will allocate the budget by using the lump sum amount from initial public offering (which is needed to be approved from

to the parent company as at 31 March 2019 was 1,169.41 Million Baht increased from 31 December 2018 which was 888.84 Million Baht because the initial public offering by issue common share for the

previous year. The Group’s shareholders’ equity as at 30 June 2019 was 1,145.37 Million Baht increased from 31 December 2018 which was 888.84 Million Baht because the initial public offering by issue common

increasing in paid-up capital and premium on ordinary shares from the initial public offering. Please be informed accordingly, Yours Sincerely, (Mrs. Tosaporn Angsuwarangsi) Chief Financial Officer

Baht because the Initial Public Offering by issue common share for the listing in the Market for Alternative Investment (mai) of the subsidiary in January 2019 amounting to 285.98 Million Baht and total

initial public offering at 2.19 million THB and tax written off expense at 4.44 million THB booked under this category. As a result, the administrative expenses are increased by 27.89% compared to 2016

capital increase from Initial Public Offering would result in the marked decrease in Debt-to-Equity ratio and financial costs going forward. Management’s Discussion and Analysis S Hotels and Resorts Public