- Translation - Page 1 of 6 CBG 006/2020 20 February 2020 Subject Management discussions and analysis for the fiscal year ended 31 December 2019 To President The Stock Exchange of Thailand We

cash and cash equivalents of THB 2,819 million, decreased by THB 1,667 million from 31 December 2018. The Company had cash flows from operating activities of THB 3,652 million. Net cash used in investing

Hotels". Results for the UK Portfolio, operating under a joint venture, are not consolidated within the Company’s hospitality business, and are instead accounted for using the equity method, pursuant to

would like to disclose information on the said transaction to the Stock Exchange of Thailand (“SET”) in accordance with the Acquisition or Disposal Notification as follows: 1. Date / Month / Year of the

revenue for the same period of last year. The positive impact is a result of more projects awarded in 2017 leading to more negotiation power and efficient cost management. 1. Business Performance Analysis

. Additionally, in September 2017 the Company has registered to the Stock Exchange of Thailand / Market for Alternative Investment for raising fund resulting in cash and cash equivalent in the proportion of 34.50

THB 355 million from THB 870 million as of 31 December 2016. Sources of funds The Company received net cash from operating activities of THB 373 million, net resulted from revenue from sales and

. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets dated 31 August 2008, and the Notification of the Board of Governors of the Stock Exchange of

2017 proportionately at 31.72%, 14.79%, 15.31% and 13.28% of total assets. Additionally, in September 2017 the Company has registered to the Stock Exchange of Thailand (MAI) for raising fund resulting in

Microsoft Word - MD฿A ประจำปี 2560_E 1 -1- Management Discussion and Analysis for the Year 2017 1. Operating Results (Company and Subsidiaries) Consolidated revenue for the twelve months of year 2017