Intermediary _____________________________ By virtue of Clause 5(1) of the Notification of Capital Market Supervisory Board No. TorThor. 35/2556 Re: Standard Conduct of Business, Management Arrangement

Management Discussion and Analysis 1 Ref: AC.017/2020 18 May 2020 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange

1802-008EN Management Discussion and Analysis for the year 2017 (Ending Dec 31, 2017) Ref. No. 1802/008EN February 20, 2018 Subject Management Discussion and Analysis for the year 2017 (Ending

: Determination of Paid-Up Registered Capital of Securities Company Licensed to Undertake Securities Business in the Category of Private Fund Management dated 18 September 2000. (2) The Notification of the

Registered Capital of Securities Company Licensed to Undertake Securities Business in the Category of Mutual Fund Management dated 28 March 2002. Clause 2. The securities company licensed to undertake

Capital Management B.E. 2545; (14) The Ministerial Regulation Concerning Approval for Undertaking Securities Business in the Category of Securities Brokerage, Securities Dealing or Securities Underwriting

Management Registered capital: Baht 2,000,000 (divided into 10,000 shares) Par value: Baht 200 Paid-up capital: Baht 500,000 Acquired Property: Ordinary shares in Vienna House (Thailand) Company Limited of

of registered paid-up capital of Vienna House Asia Limited (“VHA”) at the price of 46,800 Hong Kong Dollars (or equivalent to Baht 193,302.72). The purposed of the transaction is to have VHA, as joint

for working capital (4) Nature of relationship The Company holds 70% of the share in the Company’s subsidiary, KT Medical Service Company Limited and the details of connected persons are as follows

43, 81 369 Munich. Incorporated under the laws of: Germany Type of business: Hotel management service Registered capital: EUR 4,700,000 or equivalent to Baht 180,198,000 (divided into 4,700,000 shares