Page 1 No. VRS_11/2562 Date 14 August 2019 Subject: Management Discussion and Analysis for the quarter ended 30 June 2019 To Director and Manger The Stock Exchange of Thailand Veranda Resort Public

September 30, 2019 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For nine months ended September 30, 2019 Overall Group Performance

person is a company whose shares are listed on the stock exchange, in which case only the characteristics under (1)(a) shall be considered: (1) not possessing the following characteristics within a period

entering into Material Transactions Deemed as Acquisition or Disposal of Assets and Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and other Acts of

and governance (ESG 100) of the year 2019 by Thaipat Institute for the fifth consecutive year and the company’s shares have also been included in the Universe of ESG 100 securities group in 2019

Ref. No. IVL 005/11/2019 11 November 2019 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Review of Financial Statements and the Management Discussion and Analysis of

1 Ref. No. IVL 006/11/2017 9 Nov 2017 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Reviewed Financial Statements and the Management Discussion and Analysis of

data: 1.1 Definitions and examples of data collected by the SEC Office Personal data: Data of a personal nature, for example, identification number/passport number, title, name, surname (Thai/English

Pending Settlement, to be consistent with the Stock Exchange of Thailand’s operational guidelines, and international standards. Salient points include: 1. Non-resident (NR) who receives Thai Baht related to

Q2 and flood causing transportation difficulty in Q3, and China where some distributor had weak performance. In addition, Thai baht was stronger by c.5% against the US dollar compared with the same