services 318,018 320,296 (0.7%) Operation expenses 181,112 172,621 4.9% Net profit 165,285 136,035 21.5% Revenue from the hotel income for the first quarter ended 31 March 2018 increased by Baht 35.3 million

Baht 7.18 million, a decline of 2,453.53%. The Company would like to clarify significant changes in the Group’s operating results as follows: 1. Revenues from sales and services for the year 2018

February 20, 2019 Re: Management Discussion and Analysis for full year 2018 To: Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated

February 18, 2020 Re: Management Discussion and Analysis for full year 2019 To: Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated

reasons are as follows. 1. The company had the sales and service income Baht 1,486.64 million increased from the last year Baht 7.26 million or 0.49%. Income from warehouse services Baht 21.06 million

year in which loss was increased by THB21.66 million or 159.03% increase due to causes as following: 1. Cost of rental and services was increased totally by THB19.62 million while revenue from rental and

services and revenue from contract work. As a result, the gross profit was decreased by THB 2.7 million from the prior period and also decreased by THB 22.2 million or 6.2% decreased of gross profit margin

reasons are as follows. 1. The company had the sales and service income Baht 1,479.38 million decreased from the last year Baht 14.18 million or 0.95%. Income from warehouse services Baht 20.75 million

% 47.1% 1.0% Room revenue 897,063 876,337 2.4% Food and beverage revenue 959,886 892,851 7.5% Other revenues 348,398 359,884 (3.2%) Hotel income 2,205,346 2,129,072 3.6% Cost of sales and services

May 8, 2019 Re : Management Discussion and Analysis for Q1/2019 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated revenue