March 31 December 2019 2018 + (-) % (in thousand Baht) Liabilities and equity Equity Share capital Authorised share capital 48,775,744 48,775,744 0% Issued and paid-up share capital 34,250,905 34,250,905

require the Company to reduce the share capital by cancellation of registered shares that have not been issued prior to increase new share capital. Currently, the Company has a paid-up capital of Baht

signature or printed signature of at least one director. However, the Company may delegate the share registrar in accordance with the laws on securities and exchange to sign or print a signature instead. Such

share registrar in accordance with the laws on securities and exchange to sign or print a signature instead. Such a signature or print shall be in accordance with the laws on securities and exchange

investors. However, the underwriter is required to purchase those shares at a later date, resulting in higher demand when share price is below initial public offering price. In contrary, higher number of

-up capital) by issuing 360,683,271 newly issued ordinary shares, with a par value of THB 0.10 per share to be offered to specific persons (Private Placement) in order to provide the Company’s with an

Inter Company Limited ("S Hotels") (a subsidiary of the Company having 99.99 percent of total issued and fully paid-up shares held by the Company) and/or other subsidiaries in which the Company directly

hold 100.00 percent of shares in NEXT and the paid-up capital of NEXT will be 100.00 million Baht. The Company expected that the share transfer will be completed within January 2020. Nevertheless, the

, the Company will hold 100.00 percent of shares in NEXT and the paid-up capital of NEXT will be 100.00 million Baht. The Company expected that the share transfer will be completed within January 2020

Progress/Approval of the capital increase/share allotment by relevant governmental agency and conditions thereto (if any) The Company shall register the capital increase and paid-up capital with Business