Group, the Company procured that S Hotels and Resorts (SC) Co. Ltd., a subsidiary of the Company with 100 percent of its equity held indirectly by the Company, place a deposit of USD 25 million to the

profit (loss) from investments in JV (5) (1) -400% (12) (8) -47% Tax expenses (income) (19) 14 -231% (23) 41 -155% Profit (loss) attributable to equity holders of the parent (15) 61 -124% (5) 180 -103

and administrative expenses 876,828 1,114,444 2,370,976 523,122 Total expenses 3,086,743 3,114,904 4,070,684 1,453,210 Profit (loss) before finace cost and income tax expense (536,783) (1,008,565

expenses 3,086,743 3,114,904 4,070,684 1,453,210 Profit (loss) before finace cost and income tax expense (536,783) (1,008,565) (2,180,360) (222,443) Finance costs (166,022) (152,358) (173,896) (124,031

2017 Cash flows from operating activities Profit (loss) for the period 1,281 Adjustments for Depreciation and amortisation 1,426 Interest income (2) Finance costs 746 Unrealized loss (gain) on exchange

Selling and administrative expenses 876,828 1,114,444 2,370,976 350,988 Total expenses 3,086,743 3,114,904 4,070,684 962,399 Profit (loss) before finace cost and income tax expense (536,783) (1,008,565

) (128,928) Tax income (expense) (30,748) 101,035 (163,781) (8,966) Share of profit (loss) from investments in associates 427 320 1,080 (57) Net profit (loss) 70,091 26,962 (1,241,028) (2,341,657) (Less) non

First Quarter of 2020 1. EXECUTIVE SUMMARY WHAUP finished our First Quarter of 2020 with a Normalized Net Income of Baht 219.0 million, a 18.8% decrease from 1Q2019 while Net Profit of Baht 43.5 million

1,453.4 3.9% Income Tax (Expense) Income (6.4) (17.5) -63.4% (23.8) (44.2) -46.2% Profit attributable to Owners of the Parent 456.2 631.1 -27.7% 1,738.0 1,643.1 5.8% Foreign Exchange Gain (Loss) 10.4 124.9

1,881.1 2,047.4 -8.1% Income Tax (Expense) Income (42.8) (49.1) -12.7% Profit attributable to Owners of the Parent 2,137.2 2,251.9 -5.1% Foreign Exchange Gain (Loss) 344.5 55.3 523.1% Write Off Tax 0.0