company engaging in the management of hotels and investments in international hotel companies. Over the past four fiscal years (year 2016-2019), the Company’ s consolidated total assets has grown at an

amended Upon calculation of the maximum transaction size is equal to 2. 38 percent based on the net tangible asset ( NTA) criteria ( calculated by using the information shown in the company's consolidated

’ s consolidated total assets has grown at an average rate of 69.7% per year. The Company has a unique portfolio of hotels in desirable global holiday destinations, as follows (1) Two self-manage hotels

forecast general economic conditions. (in thousand Baht) Allowance for impairment losses 31 December 2019 30 June 2020 Change Consolidated financial statements 1,055 3,756 2,701 2. Thai Financial Reporting

), infrastructure and machines required to carry out the business. The investment in the 2 projects, are considered to fit under the criteria of investment. In calculation of the transaction value the consolidated

be in compliance with the rules under Division 3 of this Chapter. Clause 13 Disclosure of the financial statements and consolidated financial statements of an issuer of debt securities in a

fee (5,962,911.52) (9,396,413.79) (2,079,740.23) (3,633,085.03) 916,072,182.88 1,076,456,480.14 332,869,252.42 422,815,907.62 Unit: Baht Consolidated financial statements Separate financial statements

Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussion and analysis regarding consolidated financial performance and position of the Company and subsidiaries

of consideration based on the Company’s consolidated financial statements as of 31 December 2019 audited by the certified auditor. There is no acquisition transaction to be incurred in the past 6

subject to the Company’s net tangible assets (NTA), greater than THB 20,000,000 and greater than 3 percent of the Company’s net tangible assets pursuant to consolidated financial statement for the period