-1- AIT (VP-SEC) 003E/2023 16 February 2023 Subject: Management's Discussion and Analysis of Operating Results for the year 2022 and Q4-2022 To: The President of the Stock Exchange of Thailand

-1- AIT (VP-SEC) 003E/2024 15 February 2024 Subject: Management's Discussion and Analysis of Operating Results for the year 2023 and Q4-2023 To: The President of the Stock Exchange of Thailand

(“arcona Hotel Portfolio”) which incorporates the operating leases of 17 existing hotels (1,792 room keys) and operating lease of 2 new hotels which expect to start operations in 2020 and 2022 (251 room keys

operations were very strong; recording 53.5% growth year-on-year. Portugal operations were also growing, recording 6.6% growth year-on-year. Both Thailand and Portugal operations outperformed average industry

and its subsidiaries’ operating results for the quarter ended June 30th, 2018 Unit: THB Million Q2/2017 Q1/2018 Q2/2018 YoY QoQ 6M2017 6M2018 YoY Total Revenue 42,828 44,226 45,558 6% 3% 86,823 89,783 3

Regulations and Rules related to Business Operations 2 2. Risk Management and Risk Factors 7 2.1 Credit Risk Management 7 2.2 Market Risk Management 7 2.3 Liquidity Risk Management 8 2.4 Digital Risk 8 3

Osotspa Public Company Limited Management’s Discussion and Analysis (MD&A) Q1’20 Consolidated Financial Results 12 May 2020 Q1’20 Management Discussion & Analysis Page 1/6 Financial Highlights

consolidated financial results, the Company has total revenues stable compared to the same period of last fiscal year due to the current economic situation which is in an improved trend but the risks to asset

competitors), hospitals are also developing as dermatology and plastic surgery center to provide specialized services by the dermatologists and / or anti-aging which results in some of franchise branches and

/2008 regarding the criteria for making connected transactions, and the announcement of the Stock Exchange of Thailand, that is subject : Disclosure of information and operations of listed companies in