from starting transferred 16 units of Veranda Residence Hua Hin project in Q1/2020 which accounted for 7.8 % of the project value. • Revenue from hotel operations decreased by 135 million baht or
property development operations as second quarter of 2018 was transferred 44 units of residence units while in the second quarter of 2 0 1 9 was transferred 17 units with revenue from property development
mainly due to Veranda Residence Hua-Hin ownership transferred and also growth of revenue from sales of food and beverage business due to acquisition of Gram pancackes and Pablo Cheesetart during Q4/2019
resolution of the Board of Director Meeting No. 1/2019, held on February 25th, 2019 of Hwa Fong Rubber (Thailand) Public Company Limited. that approved renew the Technical Cooperation Agreement between Hwa
resolution of the Board of Director Meeting No. 7/2018, held on August 6th, 2018 of Hwa Fong Rubber (Thailand) Public Company Limited. that approved renew the Technical Cooperation Agreement between Hwa Fong
the resolution of the Board of Director Meeting No. 7/2018, held on August 6th, 2018 of Hwa Fong Rubber (Thailand) Public Company Limited. that approved renew the Technical Cooperation Agreement between
Residence Marina, United Arab Emirates. In June 2019, the Company sold long term investment in Saladaeng Property Management Company Limited which the Company recognized the gain from sales on investment of
changing demand. This includes plans to increasing cooperation to enroll personnel for the hotel business of Dusit International group. Le Cordon Bleu Dusit Culinary School (“LCBD”), which is a joint
Chairman BOD of Director. Effective on August 6th, 2018 onwards. 4. The meeting unanimously approved the amendment of TECHNICAL COOPERATION AGREEMENT remuneration with Hwa Fong Rubber Industry Co., Ltd. from