external factors, such as the overall domestic economic condition causing diminishing confidence and lower purchasing power, international trade war, and the appreciation of Thai Baht. The Company focused
adoption of TFRS 16; despite higher Other Income of Baht 207.0 million mostly from the recongisation of FX gain on USD loan to related parties at WUPIN due to USD appreciation. Normalized Net Income
) increased 68 keys under AHS management contracts. The Average Daily Rate (ADR) decreased by THB 523 per night as a result of (i) the THB appreciation against EUR (THB appreciated from 35.70 THB/EUR in 2Q 2019
) Impact of Accounting Standard (TFRS 9 and TFRS 16) In 2Q2020, there were Foreign Exchange Gain of Baht 133.6 million due to USD loan of Associate companies resulting from Thai Baht appreciation and Impact
to a loss on foreign currency exchange of Baht 31.0 million in Q4 2021, caused by appreciation of Thai Baht. This loss on foreign currency exchange was mainly associated with the USD loan related to
exchange of Baht 69.3 million in Q3 2023, due to appreciation of Thai Baht in Q3 2024. Loss on foreign currency exchange in Q3 2024 was related with the account receivable in USD. However, Gain on foreign
transaction is classified as a Class 2 transaction with a transaction size of 26.84 % calculated using the value of consideration criterion, which gives the highest value is calculated in accordance with 15
Disposition of Assets of Listed Company B.E. 2547 (2004) dated 29 October 2004 (as amended) (collectively, the Acquisition or Disposition Rule),the transaction is classified as a Class 2 transaction with a
Disposition Rule),the transaction is classified as a Class 2 transaction with a transaction size of 26.84 % calculated using the value of consideration criterion, which gives the highest value is calculated in
the 6 months prior to this transaction date. The acquisition of IGE shares is classified as Class 1 transaction equal to or higher than 50% but lower than 100% according to the Notification of the