renovation at Dusit Thani Hotel Hua Hin, a decrease in revenue from Dusit Princess Srinakarin Hotel affected from the Mass Rapid Transportation construction and more market competition. However, the Company

Dusit Thani Hotel Hua Hin, a decrease in revenue from Dusit Princess Srinakarin Hotel affected from the Mass Rapid Transportation construction and more market competition. However, the Company had revenue

37.0% in 3Q19 and 31.6% in 9M19 compared yoy from the closure of Dusit Thani Bangkok, the partial renovation at Dusit Thani Hua Hin, and Dusit Princess Srinakarin affected from the Mass Rapid

Rapid Transportation construction. However, the increase was from Dusit Thani Laguna Phuket after the completed renovation and Dusit Suites Ratchadamri Bangkok opened in 2Q19. - Overseas hotels revenue

US$1.04 trillion5 and 267 million population with young working age population, growing middle and upper income class, rapid digital penetration, high credit growth6 and large unbanked population7

การปฏิบัติงานของคณะกรรมการบริษัท D. Employees พนักงานบริษัท E. Share Ownership การถือหุนของกรรมการและผูบริหาร VII. MAJOR SHAREHOLDERS, RELATED PARTY TRANSACTIONS AND CONFLICT OF INTERESTS A. Major

to 390.8 million baht for the six-month period. Increasing share of profit from SPF was due to a better performance of WFS Cargo along with an increase in percentage of ownership in the associate to be

ownership in SPF to be 33.0 percent. Unit: million baht July-September January-September 2017 2016 Variance 2017 2016 Variance Amount % Amount % WFS-PG Cargo Company Limited 84.5 70.4 14.1 20.0 240.1 186.3

was largely due to a better performance of WFS Cargo along with an increase in percentage of ownership in SPF from 31.6 in year 2016 to 33.0 percent in year 2017. Unit: million baht January-December

ownership in Dusit Thani Public Company Limited, or “DTC”, or approximately 5% of the total issued and paid-up shares of DTC, at the price of 12 THB per share. As a result, CPN reported a decrease in