, herein collectively called “Boonrawd Group”). Under the Master Service Agreement, S Hotels is a service provider in relation to tourist facilities development project on Enboodhoo Lagoon in the Republic of

from the construction project occurred during the period of the year 2013 – 2015. Due to the aforesaid facts, the financial institutions are unable to provide the financial support such as project

while cash flow increases from loan for project development. Important numbers in the financial statements Q1/2020 and 2019 Table 2: Profit/Loss Statement in Q1/2020 and 2019 Percentage Consolidated

entered into the MRT Blue Line Concession Agreement with the Mass Rapid Transit Authority of Thailand ( the “MRTA”) on March 31, 2017 for the concession period of 33 years. The MRT Blue Line Project

. Financial performance Statement of income Consolidated Financial Statements for Quarter 1 of 2019 Quarter 1 of 2018 Change (Unaudited but reviewed) (Unaudited but reviewed) Increase (Decrease) THB Million

performance Statement of income Consolidated Financial Statements for Quarter 2 of 2019 Quarter 2 of 2018 Change (Unaudited but reviewed) (Unaudited but reviewed) Increase (Decrease) THB Million % THB Million

follows. Financial performance Statement of income Consolidated Financial Statements for Quarter 3 of 2019 Quarter 3 of 2018 Change (Unaudited but reviewed) (Unaudited but reviewed) Increase (Decrease) THB

(7) -8% 6.4% 7.3% Cost and expense from delayed project 57 (57) Finance costs 39 42 (3) -7% Income tax expense 6 3 3 100% Profit for the quarter 20 (75) 95 1.5% (6.1%) Consolidated financial

in the next quarter. There are also the advance payments in for the construction project in amount of Baht 32.91 million. As at 31 December 2018, the consolidated liabilities of the Company and its

subsidiaries herewith submit the clarification of the Company’s operating performance for the 4th quarter of the year 2019, as at 31 December 2019 as follows: 1. Consolidated Financial Statement (12 month) In