(68)% 536 708 (24)% Add: Non Operational/Extraordinary income/(expense) (6) 24 17 (136)% 29 138 (79)% Acquisition cost and pre-operative expense, (5) (7) (11) (59)% (30) (28) 5% Gain on Bargain

Revenue 884.7 1,959.9 1,075.2 121.53 1,899.8 4,014.3 2,114.5 111.30 Operating Expenses Cost of real estate sold 500.8 886.1 385.3 76.94 1,047.7 1,971.2 923.5 88.14 Selling and commission expenses 137.2

. Cost & Expense In FY22, the cost of service was at Bt87,076mn, increasing 2.2%YoY affected by rising utility cost and cost of cloud in line with higher cloud sales to enterprise customers this year

(6) (3) 138 14 891% Acquisition cost and pre-operative expense, (11) (6) (3) 315% (28) (9) 230% Gain on Bargain Purchases, impairments and feasibility study (Net)1 28 - (0) 69 4 1,493% Other

: - Translation - Page 5 of 6 However, the company’s policy emphasizes on increase in return on sales by focusing on efficiency in cost and expense management in the future. 4 Financial expenses Financial expenses

profit, before extraordinary items 315 242 145 116% 877 440 100% Add: Non Operational/Extraordinary income/(expense) (8) 17 (40) (81)% 170 (39) Acquisition cost and pre-operative expense, (8) (11) (4) 110

) 24 18 (6) (495)% 52 119 (56)% Acquisition cost and pre-operative expense, (7) (10) (6) 23% (36) (20) 83% Gain on Bargain Purchases, impairments and feasibility study (Net)1 26 30 - 85 108 (21)% Other

Operational/Extraordinary income/(expense) 24 18 (6) (495)% 52 119 (56)% Acquisition cost and pre-operative expense, (7) (10) (6) 23% (36) (20) 83% Gain on Bargain Purchases, impairments and feasibility study

selling expense to increase, 1Q2020 net profit reported at THB 335M or still increased by 14% YoY because of other income representing THB 423m recognized as a gain from selling share of SHR’s subsidiary

Analysis For 4Q19 and FY2019 P a g e | 2 Despite the lower hotel revenue from the closure of Dusit Thani Hotel Bangkok at the beginning of the year with carrying hotel staff cost, the Company reported the