eliminating conflicts of interest between the Company and shareholders of SUTG According to the fact that, before the disposal of the investment, the Company has an agreement, regarding business management of
settlement agreement. P a g e | 15 - Management Discussion and Analysis 2Q2020 - Exhibit 8 : Consolidated Profit & Loss Statement comparison of 1H2020 and 1H2019 1H2020 1H2019 YoY MB. % MB. % MB. % Sale
Securities and Exchange Commission No. Sor Nor. 87/2558 Re: Rules, Conditions, and Procedures for Management of Retail Funds, Mutual Funds for Accredited Investors, Mutual Funds for Institutional Funds, and
Placement of 1,080mn shares to Plan B Media Public Company Limited (“PlanB”) at THB 1.4381 per share, totaling THB 1,553mn and 3) an agreement with PlanB on Advertising Media Management and Service Agreement
Company has started operating under hotel management agreement with the Heritage Villa Zhouzhuang, a villa type hotel consisting of 33 villas. 3Q18 Performance Highlight: In 3Q18, the Company reported total
already commenced with the research and design stage. Looking forward, we will strive to enhance asset value through (i) expansion of hotels through asset-light strategy mainly via management agreement and
Resort and Dusit D2 Davao Philippine. In April 2019 the Company also enter into the hotel management agreement with Dusit Doha hotel Qatar. In April 2019, the Annual General Meeting of shareholders
management assessed the agreement in accordance with TFRIC 12 ‘Service Concession Arrangements’. As a result, the Group’s management recognized revenue from construction under a concession arrangement in
appraised price, the characteristic of benefit procurement, for instance, the structure of rental income, including the significant condition of the benefit procurement agreement or the real estate management
director, or any person who holds a position equivalent to any of the above regardless of the title, and includes any person who has full or partial authorization under an agreement of management; “affiliate