of Thailand and Office of the National Economic and Social Development Board data (NESDB), Thai economy in 2020 expanded by 2.4%, decreased from 4.2% in previous year. This was because the global

service concerning health and esthetics. 2. Overview of operating results in the Year 2018. Although in 2018, the global economy as risk from international of political tensions and economic. And the

( “ the Company” ) has total revenue of THB 1,751.8 million, increased 144.8% from the six months ended period of 2018 as a result of realization of revenue from the Outrigger Hotels which were acquired by

, the Company’ 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

75% in VGI Global Media (Malaysia) Sdn. Bhd (“VGM”) with a total investment value of THB 360mn. This transaction is expected to complete within the 4th quarter of 2018. VGM is a holding company

palm oil price continuously declining, the business recorded an Inventory Loss of THB 80 million. Further, the Selling, General and Administrative expense increased from the same period of the previous

acceptance and recognition from various organizations both at home and abroad. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the First Quarter of

both current and capital expenditures partly due to the pending of FY2020 budget. Exports for the year 2019 contracted at 2.7 compared to last year, in line with the continuing decline in global demand

lawsuits which might affect the asset of the Company as follows: On January 31, 2017, the Company entered into a service agreement with Midas Global Media Company Limited (“Midas”) to provide billboard

usage during the same period of the previous year. Electricity usage of industrial sector and business sector dropped 7% and 11.4%, respectively, due to global economic slowdown as a result of COVID-19