scheduled to achieve Commercial Operation Date in January 2018.  WHA ESIE 4 water treatment plant achieved COD in January 2018 with capacity of 3,600 cubic meter per day and wastewater treatment plant 1,500

Dividend 1 310.6 408.6 -24.0% - IPP 84.1 257.0 -67.3% - SPP 228.3 155.4 47.0% - Renewable Energy 2.6 1.1 140.9% - Power Plants under Constuction and Development (4.4) (4.8) -7.7% 1 Normalized Total Revenue

. Significant Events:  Reclaimed Water Project (RO) at WHA EIE achieved Commercial Operation Date in July 2018 with capacity of 7,500 cubic meter per day or 2.7 million cubic meter per year. PERFORMANCE BY

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

% % Revenue from hotel operations 279.41 68.61 284.71 51.49 (1.86) 646.47 71.23 666.78 49.31 (3.05) Revenue from property development operations 89.64 22.01 254.35 46.00 (64.76) 204.60 22.54 658.55 48.70 (68.93

Kevin Development Company Limited which is deemed a connected transaction in the category of short-term rent/rent out of real property in accordance with the Notification of Capital Market Supervisory

120 million cubic meter At the Eureka Design Public Company Limited board meeting, 3/2020, dated March 12, 2020, the board approved the investment in water production and sales to the Provincial

cubic meter per day and initial order of 4,000 cubic meter per day  WHA NGD 4 (Natural Gas Distribution), a installed capacities of Million 2,000,000 BTU per year, representing Million 700,000 BTU equity

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

513.0 3.6% - Alternative Energy 4.4 2.3 87.6% 10.3 5.9 76.3% - Power Plants under Constuction and Development (3.6) (3.3) 9.2% (10.9) (9.8) 11.4% 1 Definition of Normalized Profit attributable to Owners