determination of the offering periods and payment method. 4. Approve to propose to the shareholders’ meeting to consider and approve an appointment of the persons who will be an additional directors of the

comparison is made based on the 2016 consolidated financial statement, the actual result will depend on business operation, management and future investment plan. 3.1 Sale of investments in Nation U Co., Ltd

งบรษิทั Prime Location Management 3 Limited ซงึเป็นบรษิทัร่วมทุนแลว้เสรจ็วนัท ี19 กุมภาพนัธ ์2563 26 กุมภาพันธ์ 2563 CS-02/2020/005 คาํอธิบายและการวิเคราะห์ของฝ่ายจดัการ บรษิทั เอส โฮเทล แอนด ์รสีอร์ท จํา

V2 14/05/62 0 V2 14/05/62 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the First Quarter of 2019 The Thai economy in the first quarter of 2019

บริษัท S Hotels and Resorts (SC) Co., Ltd. ("SHR SC") ซึ่งเป็นบริษัทย่อยที่บริษัทฯ ถือหุ้นในสัดส่วนร้อยละ 100 ได้ท ำ รำยกำรจ ำหน่ำยหุ้นสำมญัของบรษิัท Prime Locations Management 3 Ltd. ("บรษิัทร่วมทุน

appropriate under the applicable law, including but not limited to the determination of the offering periods and payment method. Table: Shareholders Structure Comparison Pre- and Post-Capital Increase 4

offering periods and payment method. Table: Shareholders Structure Comparison Pre- and Post-Capital Increase 4. Approve to propose to the shareholders’ meeting to consider and approve an appointment of the

offering periods and payment method. Table: Shareholders Structure Comparison Pre- and Post-Capital Increase 4. Approve to propose to the shareholders’ meeting to consider and approve an appointment of the

V2 24/08/60 09:22 น. 0 V2 24/08/60 09:22 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Thai Economy in the Second Quarter of 2017 The Thai economy in the second quarter

V2 08/11/60 16:47 น. 0 V2 08/11/60 16:47 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Thai Economy in the Third Quarter of 2017 The Thai economy in the third quarter of