organized seminars at two other hotels in Bangkok and Chiang Rai Province to solicit investments in a similar manner.    Mandawee Tour's misconduct of securities offering in the category of debenture without

, the Company planned to expand business management the luxury villa business under Elite Havens and open 3 more hotels resulting to 10 more hotels opening this year as planned. In addition, the

2019. In addition, Hotel business, the Company planned to expand business management the luxury villa business under Elite Havens and open 3 more hotels resulting to 10 more hotels opening this year as

hotels and shopping centers with good performance to RIET and the proceeds from the sales will be used for new hotels and shopping centers development. 5. In 2017, the Company recorded gain on sale of land

% Dusit Thani PLC Management Discussion and Analysis For 1Q19 P a g e | 2 In 1Q19, the Company has entered into hotel management agreements to manage 2 additional hotels namely Dusit Thani Mactan Cebu

, Sathorn Road, Bangkok, has resolved to approve a subsidiary to renew a hotel management advisor agreement to Mandarin Hotel (“the Hotels”) that is owned by The Mandarin Hotel Public Company Limited

has signed 8 hotel agreements in April to July 2017. Hotels under these agreements are located in Nepal, Thailand, Bahrain, China, Philippines, Vietnam and Bangladesh. In addition, Dusit Group has

31, 2019, VHG II will receive rights of operating lease of 17 existing hotels (total number of room is 1,792 room keys) consist of hotels under (1) arcona brand, (2) arcona Living brand and (3

constitutes those of 100%-owned Santiburi Beach Resort & Spa (“Santiburi Beach”) and Phi Phi Island Village Beach Resort (“Phi Phi Village”). Performance of the 29 hotels (50% owned) in UK was recognized under

of hotel business constitutes those of 100%-owned Santiburi Beach Resort & Spa (“Santiburi Beach”) and Phi Phi Island Village Beach Resort (“Phi Phi Village”). Performance of the 29 hotels (50% owned