Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page 1 (Translation) 1. Significant events of the , nd quar ter of 2018 1.1 The Expansion of Electr icity and Stream

36.3% YoY to THB 1,992mn, predominantly due to the increase in revenue from hotel operations as a result of the hotel portfolio expansion, together with revenue from the termination of hotel management

1EBITDA Margin and Net Profit Margin are calculated from Total Revenue Financial Performance Management Discussion & Analysis Q1/2023 Executive Summary Significant Events Expansion of “Luggaw” and Mikka

shopping malls and also plans to continue expanding its Mikka coffee chain as planned. Focus on Continuous Branch Expansion of Dessert Café According to Plan In Q3/2023, the Company expanded 4 new dessert

Business sales volume was 1,504 million liters (+4% YoY, -2% QoQ), especially increased in retail market, due to the business’s policy to focus on service station throughput, and from the expansion of

first quarter of 2018 continued to expand from the external sectors namely exports and tourism in line with the expansion of the global economy. Public spending also increased, recovering from a decline

Fantasea. Consequently, Phuket Fantasea injected THB 406 million capital for expansion of Carnival Magic Project and THB 110 million in an acquisition of 12 rai of land including staff house for Phuket

, Phuket Fantasea injected THB 406 million capital for expansion of Carnival Magic Project and THB 110 million in an acquisition of 12 rai of land including staff house for Phuket FantaSea’s employees. On

1 (TRANSLATION) SAFARI WORLD PUBLIC COMPANY LIMITED PCL 0107537000351 Ref. No. 014/2019 18 March 2019 Subject: Notification of the Resolution of the Board of Director’s Meeting regarding no payment

Meeting regarding no payment of dividend, schedule of Annual General Meeting of Shareholder for the year 2019, capital increase by allocating via general mandate, an increasing of investment cost in