credit terms to customers. The average collection period as at the end of this quarter was 86 days compared to 139 days as of 31 December 2018. AGEING OF TRADE RECEIVABLES (THB mn) 31 DECEMBER 2018 30 JUNE

in THB terms was also due to THB appreciation against EUR. Acquired 19 hotels in Germany and Switzerland in June and July 2019 1,792 operating keys (17 hotels) and 251 pending keys (2 projects under

Purchaser. 6. Criteria to determine the total value of consideration The sales of Land and Buildings at Baht 550,000,000 to the Purchaser are the prices and terms negotiated between the Subsidiary Company and

to comply with the terms and conditions of the loan agreement with the commercial bank. (6) Factors Having Impact on Future Operating Results The Corporate Group expects the trend for the 2nd Quarter

60 – 90 days credit terms to customers. For accounts receivables of more than 120 days, the Company has a policy for allowance for doubtful accounts, which also considers the customers’ payment history

THB 87mn. The increase was in-line with higher sales in 2017/18. The Company gives 60 – 90 days credit terms to customers. For accounts receivables of more than 120 days, the Company has a policy for

fixed interest rate. Accordingly, as at June 30, 2018, the Corporate Group had no long-term debt obligation to comply with the terms and conditions of the loan agreement with the commercial bank. (6

before the closing date of the transaction, the Seller shall have renewed such lease agreements for three (3) years, provided that such renewed agreements must be subject to the terms and conditions

comply with the terms and conditions of the loan agreement with the commercial bank. (6) Factors Having Impact on Future Operating Results The Corporate Group expects that the overall situation of

preparing ramp up to full capacity in the future. In terms of sales, the average selling price this quarter was at THB 20,715 per ton relatively the same as previous quarter while the cost of raw materials