Management Discussion and Analysis for Interim Business Operations Investment in Subsidiaries In the 3rd quarter of 2018, Hydrotek Public Co., Ltd. has additionally invested in the following

(net profit margin of 27.0%), an increase of 6.96mb or 9.9%. 1. Revenue Structure Table 2: The break down revenue by business entities. Type of Revenue Jan-Jun 2019 Jan-Jun 2020 Million Baht % Million

1st quarter of 2021, as follows: Business Overview The Thai economy in the first quarter of 2021 was pressured by the domestic COVID-19 situation that impacted the country’s economic recovery momentum

developer that has a long history of success and business experience over 60 years in Asia and many country in the world such as Japan, China, Hong Kong, Vietnam, USA and Australia, and one of top 3 developer

increasing of business profits from the operating results. Please be informed accordingly. Sincerely yours, (Mr. Peerapong Jaroon-Ek) Chief Executive Officer

baht, or 31.89%. Mainly due to The Group has an increase of business profits from their operating results and equity. Please be informed accordingly. Sincerely yours, (Mr. Peerapong Jaroon-Ek) Chief

of Franchise Branches at Period End (Branch) 130 143 Sales from Restaurant Business During the Period (THB Mn) 669.9 661.8 Same-Store Sales Growth: SSSG (%) (2) 12.5% -4.4% Growth of Revenue from

period last year due to a slowdown in sales in China since the end of last year. Nevertheless, the Company managed to expand its business to the Philippines to extend the customer base and diversify its

12mb in Q1 2018 which was subsequently written off in Q4 2018, the improvement in net profit should be 12.4%. 1. Revenue Structure Table 2: The break down revenue by business entities. Type of Revenue

Japan, established in 1995, one of leading real estate company in Japan with registered in first section of TSE, has operated its business into various angle including Condominiums & Houses, Hotel