%, compared to the same period of last year. As the Company recorded deferred revenue from selling assets to WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (“WHABT”) on 6 November 2015

with business partners. However, in regards to the current economic situation which is in an improved trend but the risks to asset quality remained in concerns. The Company therefore remains cautious in

fiscal year 2023, the Company has total new sales and credit card spending increased by 4% y-y, mainly due to the continual increase in credit card spending and marketing with business partners. However

1 of 9 Management’s Discussion and Analysis for the performance of the year 2019 Business Overview For the ended of the year 2019, S Hotels and Resorts Public Company Limited (“the Company”) had total

to the increase in total revenue especially from dessert café. At the same time, the expense has increased at a smaller proportion as a result of the Company’s ability to manage costs which allows the

in 2016. This was due to the termination of the programmed co-production agreement before the due date at the beginning of 2016 but no revenue recognition from other business, which was in the

in 2016. This was due to the termination of the programmed co-production agreement before the due date at the beginning of 2016 but no revenue recognition from other business, which was in the

1 FY20 MD&A Advanced Info Service Plc. Executive Summary Mobile business affected by weak economy and competition in data pricing Slowdown in economic and business activities had been observed

statement applicable to the offering of units; “infrastructure business” means the infrastructure business specified in the Notification of the Capital Market Supervisory Board concerning the Rules

reference. 14 Notification of the Capital Market Supervisory Board No. TorThor. 35/2556 Re: Standard Conduct of Business, Management Arrangement, Operating Systems, and Providing Services to Clients of