12.1% increase from Baht 422.7 million in 2Q2018 mainly due to increase of Other Utilties Revenue 2,236.6% YoY and Operating Revenue 0.2% YoY. The increase of Operating Revenue was attributable to growth

continued to be key growth drivers of our performance in 2Q 2018. 2 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 IMPORTANT EVENTS IN 2Q 2018 - In May

holding health and safety of guests and employees as top priority and ensuring financial feasibility. In order to boost reservation value and revenue generated from the reopened hotels, SHR was pleased to

343.7% YoY and Operating Revenue 3.3% YoY. The increase of Operating Revenue was attributable to growth of industrial water’s sales volume mainly driven from newly COD of 2 SPPs, existing and new

Transactions and will be holding shares at 45.05 and 5.01 percent of the registered and paid-up capital after the capital increase, respectively, totaling 50.06 percent of the registered and paid-up capital

and a controlling person of the Company of the Company and considered connected persons of the Company according to the Notifications on Connected Transactions and will be holding shares at 45.05 and

Transfer Plan between the Company and a new incorporated limited company, SUT Holding Company Limited (“SUTGH”), which shall be incorporated within 30 April 2018. SUTGH shall have three shareholders, which

between the Company and a new incorporated limited company, SUT Holding Company Limited (“SUTGH”), which shall be incorporated within 30 April 2018. SUTGH shall have three shareholders, which are

information memorandum is disclosed to the SET. Page 7 of 25 4. Description of asset to be acquired Target Company is a holding company, newly incorporated by the Seller Group under laws of Cayman Island

the share purchase agreement are fulfilled. Upon consummation of the Share Acquisition Transaction, the Company will be the shareholder of Hero Experience holding shares equivalent to 32.5 percent of