the main categories of products sold and/or services performed for each of the last three financial years. Indicate any significant new products and/or services that have been introduced between the

from the 14th March 2019 (the first day that GPSC has recognize GLOW’s performance in the consolidated financial statement) until the 30 th May 2019 according to the consolidated financial statement of

income 3 Financial PerformanceSignificant EventsExecutive Summary Management Discussion & Analysis Q2/2022 Revenue Q2/21 Q2/22 Change +/(-) 1H/21 1H/22 Change +/(-) (THB Million) %YoY %YoY Revenue from

the capital market situation, while fees from bancassurance and mutual fund services grew well. Operating Expenses Million Baht Item Quarter Change (%) 9 Months Change 3/2019 2/2019 3/2018 2/2019 3/2018

Financial Position (Unit : Million Baht) for the period ended 30 June % Change 2020 2019 YoY Total assets 15,869.22 14,115.63 12.42% Current assets 3,198.97 2,966.94 7.82% Non-current assets 12,670.25

13 November 2019, had approved the financial statements and the operating results of the Company and its subsidiaries in the third quarter of 2019 ended 30 September 2019, which was reviewed by the

million baht or 4.45 percent. Analysis of the consolidated financial performance Statement of Comprehensive Income (Unit : Million Baht) For the quarter ended 31 March Change 2020 2019 Amount Percent

million. Statements of Financial Position as at December 31, 2017 2017 2016 Change (Million Baht) (Million Baht) (%) Current Assets 1,230.25 1,360.25 (9.56) Non-Current Assets 1,822.28 1,665.63 9.40 Total

Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 2 of 8 Discussion of results of operations Consolidated financial statements 9 Months 2018 9 Months 2019 % Change

total of Baht 28,197,293,670 in which the company has been successful in following the capital increase plan while also adjusting the financial structure to an appropriate level, as well as to support