, 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

food technology development, and to link culinary operations with its education business. On 3 April 2018, the company launched ASAI Hotels, a distinctive new brand designed to link curious, millennial

particularly the catering service of Dusit Thani Bangkok. • Revenues from overseas hotels decreased 5.5% yoy, attributable to 2 factors: First, the lower room inventory from room renovations of Dusit Thani

Foreign Currency Bonds 2.Overseas Offering Overseas Offering 20,623.02 1.Thai Juristic Persons Thai Juristic Persons 20,623.02 Convertible Bonds Foreign Currency Bonds 20,623.02 Basel III Subordinated Debt

Net Worth Investors Private Placements 2.Overseas Offering Overseas Offering 20,623.02 1 Thai Juristic Persons By Thai Juristic 20,623.02 1.Short-term Debt Securities Short-term Public Offerings

market competition, and the renovation of Dusit Laguna Phuket and Dusit Thani Pattaya. • Revenue from the overseas hotel declined by 4.2%, compared to 2016, primarily due to the renovation of Dusit Thani

of exploring and gathering documents and evidence as well as more information from overseas authorities for valuation of overseas investment.  The SEC therefore allowed VTE to submit the audited

overseas as well as in Thailand.  The revised rules cover guidelines for advertisement and publication, areas of permissible marketing activities in Thailand and instructions of benefits received from

also be applicable to overseas offerings of convertible debentures to protect existing shareholders? interests;  3. Company intends to offer for sale of convertible debentures overseas, including private

Act, B.E. 2535. The DR issuers will be subject to the approval and disclosure rules to be specified later. In addition, the permissible DR must represent a security listed on overseas exchange as well