outbreak become controllable. Besides, the Company continues to develop its potential and maintain cost and expense management measures. The Company is ready to adapts to keep up with the situation in order
that for the 2nd quarter 2020, the situation concerning consumer purchasing power and spending still have to be closely monitored. If the government sector is able to control the outbreak of Covid-19 and
on hotel operations from April 1, 2020 is reacting to the unfolding COVID-19 outbreak around the globe, following the lockdown measures implemented by many countries where the Company owns or operates
-19 outbreak and to alleviate economic downturn. Although, many countries have gradually relaxed the lockdown measures, and businesses resumed their operations, consumer spending is still not yet fully
slightly decline due to prolonged pandemic Thailand has been experiencing the new wave of Covid-19 outbreak since April-2021 with sharp rise in number of new cases per day causing tighten restriction across
Thai economy in the third quarter was still affected by the prolonged COVID-19 outbreak and the uncertainty of the epidemic situation of the new Omicron strain of COVID-19. In order that, the
outbreak control measures are being gradually relaxed and Vaccination is more progressive. 2). The effect of outstanding demand from the previous period and 3). Government measures that continue to bolster
services. This is in line with changing consumer behavior after the COVID-19 outbreak. 2023 Outlook Perspective on the Recovery After the Easing of COVID-19 Measures Presently, the situation of the COVID-19
, the Company engaged an independent financial advisory to evaluate the fair value measurement of the investments by using income approach method and discounted cash flow to present value. As a result