adjustment of the appraisal value and conditions of the disposal assets at that time including negotiation result with WHART Trust. 3. Undertaking Agreement in Connection with Disposal of Assets For disposal

used to aid or abet the others in connection with such behavior; or (2) has or used to have any behavior that, if considered on a reasonable ground, indicates unfair practices or disadvantage to

position for the year 2017 with those of 2016. This report discusses principal changes in the unaudited consolidated financial statements. Overall market environment The Thai economy in 2017 showed clear

position for the year 2017 with those of 2016. This report discusses principal changes in the audited consolidated financial statements. Overall market environment The Thai economy in 2017 showed clear signs

ratio to sales of 16.5%, an increase from the ratio of 6.7%, mainly due to the increase in sales and overall gross profit margin and the decline in selling and admin expenses as a results of strict

EBT of UE (U Sathorn, U Chiang Mai and U Inchantree Kanchanaburi), which contributed THB 59mn and (iii) the improving overall operating performance of all 3 of our hotels in Thailand excluding hotels

) the reduction of room rates to drive occupancy during the non-peak season. The overall occupancy rate decreased by 11% from 1Q 2019, mainly due to COVID-19 situation. 53 hotels out of 57 hotels in the

to 34.82 THB/EUR in 2Q 2020) since the majority of the Company’s hotels earns their revenue in Euro and (ii) the reduction of room rates to drive occupancy during the COVID-19 situation. The overall

Connection between the Si Rat-Outer Ring Road Expressway and the Northbound Si Rat Expressway (heading to Chaeng Watthana) on September 30, 2018. For the First Stage Expressway (FES) and the Second Stage

Share Purchase Agreement; 3. Execution, amendment, modification and connection on any applications and evidences essential and relevant to the Transaction on the Investment in the Ordinary Shares of KPN