Mr. Poramin Insom Satang Corporation Co., Ltd. (Satang) by Mr. Poramin Insom, Chief Executive Officer and authorized director, entered into a market maker agreement with LLC Fair Expo by Mr. Mikalai
Transactions. In this regard, the Board of Directors’ meeting No. 7/2019 held on May, 16 2019 has authorized the Executive Committee or Chief Executive Officer the authority to perform any actions in relation to
by temporarily prepaying loan, resulting in decrease in interest-bearing debt. In addition, interest rate of interest-bearing debt also decrease from last year. Net profit for Q4/2020 compared to Q3
1,689 million Baht. This was mainly due to the investments from Apollo and the fair value measurement since Q2 2017. Appropriateness of the Funding Structure In 2017, the Company had total debt to equity
December 2018, mostly from a decrease in investments in joint ventures and an impact of currency translation due to THB appreciation • Net debt to equity ratio as of 31 March 2019 was 0.51 times, an
December 2017 while debt to equity ratio was at 1.12 time, increased from 0.79 time as of 31 December 2017. Yours sincerely, Pongsarn Klongwathanakith (Pongsarn Klongwathanakith) Chief Financial Officer
%) Interest-bearing debt to equity (times) 0.44 0.46 0.02 3.9% Yours faithfully, S Hotels and Resorts Public Company Limited - // - (Mr. Chairath Sivapornpan) Chief Financial Officer / Company Secretary
standards relating to leases standard (TFRS 16). The total liabilities was THB 12,425.3 million, which consists of interest-bearing debt in amount of THB 8,078.4 million. The ratio of interest-bearing debt to
difference in fair value of derivative from the adoption of TFRS9 financial instruments. The debt to equity ratio was 0.39 times, the net debt to equity ratio was 0.31 times, the interest-bearing debt to
institutions increased by Baht 782.8 million. Deferred tax liabilities increased by Baht 30.1 million. As at 30 June 2021, the debt to equity ratio was 0.42 times, the net debt to equity ratio was 0.34 times