measures, particularly those involving consumer protection and control of credit card and personal loans, together with a drop in credit card interest rates – all of these issues are likely to influence

capital loans from businesses including SMEs – as well as credit card and personal loans. Meanwhile, deposits rose, especially at large banks. It is expected that new loans should increase along with

), as TETSO have started commercial run in late March 2018. Therefore, TETSO has not yet to be recognized for the revenues from operations. Lastly the company was also impacted from the Baht appreciation

Thai Baht appreciation has risen since the beginning of this year, there is loss on exchange rate for this period. - Translation - JKN GLOBAL MEDIA PUBLIC COMPANY LIMITED Management Discussion and

7,777 respectively. The changes was primarily due to impact of the economic slowdown, Thai Baht appreciation and competition in Samui market. Outrigger Hotels Indicators 2018 2019 %change Quarter 4/2018

due to effective in cost management and currency appreciation than the previous year resulting in lower product costs. In the year 2019, the exchange rate was between 30.33 – 32.53 Baht per 1 US dollar

% decrease from Baht 2,583.2 million of 2018. The decrease was mainly from lower contribution from GHECO-One mainly driven by lower Availability Payment Rate and Thai Baht appreciation, despite additional

from Baht 157.66 million in the previous year. The main reason was the appreciation of AUD currency in relative to USD currency, resulting in the increase of net asset value in AUD currency. Management

gain is attributed to the appreciation of the Thai Baht versus the US dollar. (Separate: Baht 376 million). Selling expenses Total selling expenses of the Company and subsidiary amounting to Baht 95

could generate the Cash Margin.) Net gain on foreign exchange rate Consolidated net gain on foreign exchange amounted to Baht 334 million which result from the appreciation of the Thai Baht versus the US