processes throughout the Company. 4. Financial Position of the Company and its Subsidiaries Unit : Million Baht 31/3/2020 31/12/2019 % change Cash and cash equivalents 100 119 (16%) Account receivables 828

Veranda Resort Public Company Limited Management Discussion & Analysis Q2/2020 Management Discussion & Analysis Q2/2020 The company has main revenue portion from the property development business

the appreciation of the Thai Baht has led to the destination shift among the country’s target tourists. These factors have, undoubtedly, put pressure on the hospitality industry, which is the main

fee and 3) impact from political unrest in Hong Kong created change in plans for some Chinese tourists to visit Thailand instead. For the last quarter of 2019, the Thai economy is expected to continue

3) impact from political unrest in Hong Kong created change in plans for some Chinese tourists to visit Thailand instead. For the last quarter of 2019, the Thai economy is expected to continue to

rehabilitation on 15 November 2017. The main reasons of the Company filing the rehabilitation are; - This is for the Company to negotiate as well as finding solution with creditors and able to proceed necessary

the petition for the rehabilitation on 15 November 2017. The main reasons of the Company filing the rehabilitation are; - This is for the Company to negotiate as well as finding solution with creditors

results were satisfactory and confident that they could be able to help improving the Company’s business. SSG Group therefore started negotiating with 7 main trade creditors (including Cargill International

its subsidiaries as details below: (Unit: Baht millions) For the period of three months Consolidated financial statement ended 30th June Apr 2019 - June 2019 Apr 2018 - June 2018 Change % Change Revenue

. other income) 49% 50% 48% (2%) (1%) 49% 50% 1% Operating Profit Margin (exc. non-recurring item) 37% 37% 37% 0% 0% 38% 39% 1% Consolidated Earnings (THB mn) % Change QoQ (2Q17 vs 3Q17) % Change YoY (3Q16