the Notification of the Capital Market Supervisory Board Tor Chor 21/2551 Re: Rules of Connected Transaction. Moreover, after calculating the size of the acquisition of assets, it is not required to

THB 40.23 million, causing from consulting fee for accounting, legal, roadshow and press conferences to investors approximately THB 8.52 million, allowance for impairment loss on hotel assets of THB

million, causing from consulting fee for accounting, legal, roadshow and press conferences to investors approximately THB 8.52 million, allowance for impairment loss on hotel assets of THB 11.56 million

% Reversal of Impairment of Assets -3.6 -0.4% 0.2 0.0% 3.8 105.6% Profit from Dispose Investment in 0 0.0% 27.3 2.9% 27.3 n.a. Management Discussion and Analysis (MD&A) for 2019 Page 2/5 2018 2019 YoY Mio

89.90 103.20 114.79 Current investment 201.40 469.99 (268.59) (57.15) Inventories 367.01 362.30 4.71 1.30 Property, plant and equipment 755.63 616.83 138.80 22.50 Other assets 47.92 51.96 (4.04) (7.78

Operations 161.8 161.6 0.2 0.2 Profit Margin from the performance (percentage) 4.5 4.5 (0.0) Balance Sheets and Statement of Cash Flows As of the end of the Quarter 2 of 2017, the total assets of the Company

transaction size is 0.19 of the Company’s net tangible assets calculated from the latest financial statement ended on 30 June 2017. The transaction size is more than 0.03 but does not exceed 3 percent of the

% q-q, and earning per share was 2.68 baht. The net profit increase because of decline in bad debt and doubtful account as well as lower finance cost. Financial Status Total Assets As of August 31, 2017

% of total revenues from core business. Financial Position Statement of Financial 31 December 2016 30 September 2017 Increase/(Decrease) position MB % MB % MB % Current assets 1,003 31.5% 1,254 31.5% 241

P a g e 1 | 7 Management Discussion and Analysis For the nine-month period ended September 30, 2017 The analysis of consolidated financial position as at 30 September 2017 The group’s assets