operating performance of the HomePro business in Malaysia is still not in line with the plan, with concerns over consumer confidence. However, the subsidiaries have continuously improved operational

Management discussion on 2017 operating results To The President of Stock Exchange of Thailand For 2017 operating performance, Matching Maximize Solution Public Company Limited (the Company) posted a net loss

IDH-AC-000-อส6302/30.00 20 February 2020 Re: Management Discussion and Analysis Operating results for the year ended 31 December 2019 To: President The Stock Exchange of Thailand Overview of the

EBITDA/t (US$/t)) 122 107 91 34% 105 86 22% Net Operating Debt to Equity 0.57 0.84 0.91 (37)% 0.57 0.91 (37)% Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

100.00 350.29 100.00 52.45 14.97 Cost of services 390.38 96.93 362.13 103.38 28.25 7.80 Distribution cost 22.31 5.54 23.05 6.58 -0.74 -3.20 Administrative expenses 44.71 11.10 43.59 12.44 1.12 2.57

Company”) would like to summarize its Q2/2019 operating performance for the period ending 30 June 2019 as follows: For the three-month, the Company and its subsidiaries’ posted a net loss of Baht 9.58

would like to clarify significant changes in the Group’s operating results are as follows: 1. Revenues from sales and services for the year 2017 decreased 15% compared to the same period of 2016. The main

) Occupancy rate (%) 62.3% 61.8% 0.5% Room revenue 317,603 298,976 6.2% Food and beverage revenue 280,547 261,291 7.4% Other revenues 92,138 94,742 (2.7%) Hotel income 690,288 655,009 5.4% Cost of sales and

%. The Company would like to clarify significant changes in the Group’s operating results are as follows: 1. Revenues from sales and services for the first quarter of 2018 decreased 34% compared to the

% from last year and total revenues of 1,845.12 million Baht which also increased 16.82% from last year. This was mainly due to market and product expansion resulting to higher business volume. 2. Cost of