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
the Year Ended December 31, 2018 Page 1 (Translation) 1. Significant Events of the Year 2018 1.1 The Repurchase of Existing Notes and the Issuance and Offering of Newly-Issued Notes On March 27, 2018
higher property tax in current period. Selling expenses decreased by Baht 7 million as a result of lower property development operations selling expenses. Administrative expenses decreased by Baht 107
business segment only one month for the current period. 2. Cost of sales and service decrease by Baht 15.65 million or 78.2% compared to the same period of prior year. Gross loss decrease by Baht 11.36
due to lower loan balances but partially offset by higher interest rate in the current period. Income tax was Baht 13 million higher as compared to the same period last year mainly due to additional
Other Non-current Financial Assets in accordance with the Financial Reporting Standard TFRS 9, Financial Instruments. Liabilities increased by 62.60 million Bahts, from Deferred Tax liabilities which
beyond. Reflecting current economic conditions, listed companies’ performances on the stock exchange and the index have significantly decreased. Nevertheless, there is a positive trend in corporate
and acquisition of shares from the existing shareholder (the “Share Acquisition Transaction”. Details of the Share Acquisition Transaction are as follows: 1. The subscription of newly issued shares of
improvement from 0.55 times at the end of last year. Current ratio as at the same date and period stood at 2.47 times SIGNIFICANT EVENTS 7 January 2019: Vienna International Hotelmanagement AG (VI) acquired 100
existing shareholder (the “Share Acquisition Transaction”). Share Acquisition Transaction is expected to be completed by October 31, 2017. Details of the Share Acquisition Transaction are as follows: 1