present under “Profit from discontinued operation for the period” in the consolidated profit or loss for the year ended 31 December 2019 with those of the year ended 31 December 2018 presented for

the Restructuring, including subsidiaries in five foreign countries and subsidiaries engaged in businesses such as hotels and property management. We present the result of operation for such

, commercial business and other businesses. Hospitality Business At present, all hospitality business of the Company was under the management of SHR, the Company’s subsidiary. SHR became listed on Stock Exchange

respectively, the net profit of the present year decreased by 39.4 percent. 1.7 Share of income from investment in associate In April 2009, the Company invested in the ordinary shares of Mory Lohakit (Thailand

and is significantly impacting the Group’s financial position, operating results, and cash flows at present, and is expected to do so in the future. However, the impact cannot be reasonably estimated at

other businesses. Hospitality Business At present, all hospitality business of the Company was under the management of SHR, the Company’s subsidiary. At the end of 2Q20, the Company’s total hotels reached

investment, and the Company shall, then, seek for investors who are interested in the project. At present, the current management, representing the existing shareholders, has been the operator to find

had 3 major overseas customers that have made contract to the debt repayment insurance with a local financial institution. At the present, it is in the process of determining to make contract to the

company has received good cooperation from various brands under this situation. However, Jaymart Mobile has gradually reduced its inventory since 2019. At present, the company's inventory has decreased

Memorandum have been omitted; and the Information Memorandum does not contain any misleading information which may cause misunderstanding. 14. Financial Projections in the Present Year (if any), including