Veranda Resort Public Company Limited Management Discussion & Analysis Q1/2020 Management Discussion & Analysis Q1/2020 Revenue Structure Hotel 45.3% Property development 46.4% Food and beverage 6.1

Officer and Managing Director 2 Enclosure 1 Information Memorandum on Connected Transaction regarding Assets and Services of JKN Global Media Public Company Limited (Lease or Grant of Lease of Real Property

Veranda Resort Public Company Limited Management Discussion & Analysis Q2/2020 Management Discussion & Analysis Q2/2020 The company has main revenue portion from the property development business

1 (Translation) No. JKNGB-002-11/2019 November 14, 2019 Re: Information Memorandum on Connected Transactions of JKN Global Media Public Company Limited Attn.: President The Stock Exchange of Thailand

Transaction Real Property Lease or Rental for Not Over 3 Years of JKN Global Media Public Company Limited Transaction Date : June 1, 2018 Related Parties : Lessee : JKN Global Media Public Company Limited (the

1 - Translation - Ref: JKNGB-003-02/2019 February 27, 2019 Re: Capital Increase in Subsidiary and Information Memorandum on Connected Transaction of JKN Global Media Public Company Limited and

property development business which results in the significant decrease in total revenue. The total gross profits for 2Q 2019 was 234 million Baht (48% of total revenue), decreased by 83% as compared to 2Q

company 23. Shop Global (Thailand) Co., Ltd. ” 24. Saha Pathana Inter-holding Plc. ICC’s major shareowner 25. Sukhatasana Co., Ltd. Sukhatasana’s major shareowner is ICC’s director. 26. PBBC Intertrade Co

progress reached 91%. The project is due to complete in 3Q19. • In February, the Company partnered-up with HKL (Thai Developments) Limited, a subsidiary of a global developer Hongkong Land Holdings Limited

-53.56% Basic Earnings per Share 0.35 0.25 (0.002) 0.23 1.79 0.83 -53.56% Performance Report Issue of trade war between the United States and China affected the overall global economy as well as the