pandemic as number of guests from Europe, SHR’s major customer base, started to decline in March 2020 while most hotels in SHR’s portfolio became temporally suspended since April 2020. Page 7 of 11 Singha

application with the SEC Office, provided that the action taken hereto shall base upon the commission of the following offences: (a) an offence regarding dishonest acts in relation to accounting professions or

at branch locations and produced a commercial for high-end speakers to expand the customer base. Page 6 of 10 Management Discussion & Analysis Q3/2024 Financial costs Financial costs amounted to THB 9

the payment date due on the 25th of each month. The price base on the reference prices for rental fee of surrounding area and consideration location, place ,characteristic and the useful of the said

Transfer in 2016. Income tax for the year 2019 Baht 0.1 million has recorded base from deferred taxation accounting. Please be informed in accordingly. Your sincerely, -Naravadee Waravanitcha- (Ms. Naravadee

Selling and administrative expenses in 2019 increased by Baht 31.2 Million or 5.6% from 2018 due to increase more distribution channels and sales promotions to maintain customer base and increase domestic

to increase the new customer base. In part of administrative expenses increases due to the cost related to the issuance of the Warrants to Purchase the Ordinary Shares (HPT-W1). Net profit and Net

including disposal of asset occurring during period of six months.(base on financial statement ended September 30,2017) 7) The Benefits of the Transaction The company can be increase liquidity of business by

assets acquired which was the highest criteria but still less than 15% calculation including disposal of asset occurring during period of six months.(base on financial statement ended September 30,2017) 3

marketing strategy, leading to the expansion of customer base. Please be informed accordingly. Best Regards,