class, rapid digital penetration, high credit growth4 and large unbanked population5 • Aligns with the Bank’s international strategy to transform into a leading regional bank with larger presence in key

locations, also forecast economic growth4 to contract by -6.2% and -4.4%, respectively. This year will, therefore, be a most difficult year for all businesses. For MACO, we expect the Company’s performance to

service expenses increase THB 7.40 million or 90.53% due to expansion of Banquet Room and Restaurant business and also Real estate development business. 3.2) Administrative expenses increase THB 8.97

the previous year mainly due to increases in administrative expenses to support business expansion, renewable energy project development expenses, and write-off of deposit and work in progress totaling

support business expansion and traveling and other expenses related to the study and development of renewable energy project overseas. However, unrealized loss from exchange rate incurred from an equipment

of shop expansion, marketing and development of the new international business of automotive part and accessories and increasing of both domestic and international sales promotion and marketing

by Baht 59 million over the prior year as a result of the decrease in occupancy and room rates of Laguna Phuket hotels and Banyan Tree Bangkok.  Revenue from property development operations which

over the prior year as a result of the decrease in occupancy of Laguna Phuket hotels and Banyan Tree Bangkok.  Revenue from property development operations which comprise of property sales and the sale

Limited (“Company”) entered into an agreement with WHA Hemaraj Nghe An Joint Stock Company (“WHA Hemaraj Nghe An JSC”), an indirect subsidiary of WHA Industrial Development Public Company Limited (The

or 16.56 % mainly cause by additional expenses of business and retail shop expansion, marketing and development of the new international business of automotive part and accessories and increasing of