the condition that a due diligence and feasibility study of the project and valuation of shares are being satisfied and there must be no material adverse effect to the financial conditions and operation

impact of the COVID-19 in the periods going forward as the situation is still evolving. It is, however, certain that Thailand and worldwide measures against spread of the COVID-19 will have adverse effects

activities and spending. The situation has led to an adverse economic effect on individual and business across various sectors, so Thai government has issued measurements such as cash subsidy payment and

adverse economic situation led to a cautious consumer spending across customer segments. However, the Company expected total usage amount to continue to recover from 2nd quarter of this year. The Company

, Revenue from Hotel Business was THB 1,298 million, an increase of 1.6% yoy, mainly from continuing growth in owned hotel in overseas even adverse impact from FX translation and revenue from Elite Havens as

sale of bonds may be in contrast to the public interest or national policy; (3) the offer for sale of bonds may cause an adverse effect to the credibility of the Thai Capital Market as a whole; (4) the

found the material adverse effect to the business transfer transaction and as of the business transfer date and there is no any event, circumstance or change that has or reasonably likely to have a

); and 2 (3) there is no material adverse effect on the business status, operating results, assets, and/or financial status of TBSP. In addition, after being granted approval from the shareholder’s meeting

Protection Act which came into effect in 2019. The increase was also driven in part to the adverse impacts of foreign exchange fluctuations between the U.S. dollar and the Euro under our food segment. The

material adverse effect in JV Company. Closing Date After the conditions precedent specified in the Joint Venture Agreement are completed. (Translation) OOrriiggiinn PPrrooppeerrttyy PPuubblliicc