Company holds 100 percent of its total registered capital) Seller : arcona Management GmbH, which arcona Hotel Holding GmbH (a juristic person in Germany which Winter Vermogensverwaltungs GmbH holds 50.04

% from 2017) the core net profit of THB 330 million in 2018 (an increase of 419.5% yoy). Those extraordinary items included net gain on sales of Dusit Princess Korat Hotel of THB 203 million in 4Q17, while

158,067 235,449 (32.9%) Food and beverage revenue 172,835 219,300 (21.2%) Other revenues 66,367 77,322 (14.2%) Hotel income 397,269 532,071 (25.3%) Cost of sales and services 275,326 283,641 (2.9

1 - Translation – Bor.Chor.Ngor 0351/2018 September 25, 2018 Subject: Connected transaction : Renewal of a hotel management advisor agreement Attn : President The Stock Exchange of Thailand With

ซึง่เป็นบริษัทย่อยท่ี บริษัทฯ ถือหุ้นทางตรงในสดัสว่นร้อยละ 100) ผู้ขาย : arcona Management GmbH ซึ่งถือหุ้ นในสัดส่วนร้อยละ 100 ของทุนจด ทะเบียนทั ง้หมดโดย arcona Hotel Holding GmbH (เ ป็นนิติบุคคลใน

% % Revenue from hotel operations 279.41 68.61 284.71 51.49 (1.86) 646.47 71.23 666.78 49.31 (3.05) Revenue from property development operations 89.64 22.01 254.35 46.00 (64.76) 204.60 22.54 658.55 48.70 (68.93

mainly by hotel business performance improvement and the gain from the sale of other long-term investment The Company reported 1Q18 revenue of THB 1,698 million, an increase of 12.5%, mainly driven by

year. Total revenues constituted of the following: 1) Revenue from the hotel business of Baht 1,418.6 million, which grew by Baht 1,176.9 million or 486.9% when compared to the same period of last year

. However, The Hotel temporarily close due to COVID-19 effected revenue from hotel operations portion decreased. The following table shows the total revenue structure by business type according to the

-2021) focusing on "Realizing potential". It was also the year our flagship and key revenue contributor, Dusit Thani Bangkok Hotel, closed its door for the redevelopment (mixed-use project); this