) 0.64 (18.27) Operating Expenses (%) (7.01) (1.56) (14.60) Net Profit (%) 21.00 (40.64) (34.31) Management Discussion and Analysis Management Discussion and Analysis of Financial Position and Operating

contracts including tower lease agreement, site rental, office & shop building rental, and roaming on TOT’s 2100MHz spectrum. Key changes are as follows: a. Lease liability is a present value of the remaining

-key hotel under Vienna House Easy brand located in Wroclaw, Poland. Vienna House Easy Wroclaw is expected to open in 2021. 24 May 2019: Signed the amendment to the agreement in relation to Roi Chak Sam

share sale transaction for ordinary shares in a wholly owned subsidiary of SHR to Wai Eco World Developer Pte. Ltd (“WERW”) in accordance with Joint Venture Agreement to operate and develop a high-end

Company’s position to continuously innovate new “To-Go” products and provides greater accessibility of the products to customers. In 2H/2020 and going forwards, the Company expects to increase modern trade

. The growth resulted from the boost of promotions and marketing activities, enabling the Company to gain various and higher-potential clients and further strengthen its market position. The Company has

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Successful Glow SPP1

the settlement agreement. P a g e | 16 - Management Discussion and Analysis 2Q2020 - Statement of Financial Position Exhibit 9 : Consolidated Financial Position as of June 30, 2020 and as of December 31

or a 63% increase in gross profit from Q1/2017. The company’s financial position: As at 30 June 2017, GPSC and its subsidiaries' total assets increased by Baht 350 million or 1% mainly from the

the increase in natural gas prices and Ft rate. Financial position: As of 30 September 2018, the company and its subsidiaries' total assets increased by Baht 4,310 million or 7% from 31 December 2017