investment from restructuring the asset structure of group companies. The profit from selling Dusit Thani Maldives Hotel to DREIT in 3Q19 was used for the new investments which some of them generated immediate

using the capital investment from restructuring the asset structure of group companies. The profit from selling Dusit Thani Maldives Hotel to DREIT in 3Q19 was used for the new investments which some of

the following characteristics; (a) being a trust certificate issued by an asset trustee; (b) determining the structure of trust transactions for the purpose of using the money from an issuance of a

(35.78) (1.88%) EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2017 EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY

previous year. EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR 2017 EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED

2nd Quarter Changes 2019 2018 Amount % Revenue from expressway business 2,521 2,477 44 1.8 Revenue from rail business 1,162 1,162 - - Revenue from commercial development business 179 160 19 11.9

line with the rising of the average ridership at 22,000 trips/day. Cost of Rail business consisted of costs of farebox, O&M cost and amortization of intangible asset under the MRT Blue Line Project which

July 2017 (1 month before the connection). Cost of Rail business consisted of costs of farebox, O&M cost and amortization of intangible asset under the MRT Blue Line Project. For the year 2017, the cost

food technology development, and to link culinary operations with its education business. On 3 April 2018, the company launched ASAI Hotels, a distinctive new brand designed to link curious, millennial

7 3. Business Directions and Operations of Core Businesses 9 3.1 Sustainable Development and Corporate Governance 9 3.2 Business Directions of KASIKORNBANK and the Wholly-owned Subsidiaries of