due to THB appreciation against EUR and GBP • Net debt to equity ratio as of 30 June 2019 was 0.56x, comparing with 0.55x at the end of last year SIGNIFICANT EVENTS 4 major renovation works of Vienna

million, results include the planned River Wing renovation works which significantly reduced available room inventory for sale. The target opening in October 2019 has been delayed, however the risk

decreased by Baht 217.1 million or 49.0% compared to the same period last year which was resulted from the renovation of the River Wing building that included the closure of 338 guestrooms, Verandah

income for the first quarter ended 31 March 2019 decreased by Baht 158.2 million or 22.9% compared to the same period last year which was resulted from the renovation of the River Wing building that

220.9 million or 55.4% compared to the same period last year which was resulted from the renovation of the River Wing building that included the closure of 338 guestrooms, Verandah, Riverside Terrace, and

, operating profit would decrease by Baht 75.3 million or 45.6% if excluding the write-off of plant and equipment from the renovation of River Wing building amount of Baht 79.0 million. For expenditures, the

showed a decrease of Baht 134.8 million or 25.3% compared to the same period last year, primarily due to the delay completion of River Wing renovation project to mid-2020. This had an impact upon the

expenses increased 1.5% attributed to higher expenses from the renovation of office building. Exchange loss decreased from 4.2 million baht to 1.3 million baht as we implemented new policy to minimize

investment in renovation of Advertising Media located on the columns under the BTS Sky Trains December 14, 2018 1 Information Memorandum regarding the Acquisition of Assets of Master Ad Public Company Limited

from the decrease of hotel income. Utility costs decreased by Baht 5.0 million and temporary office rental during for the renovation of River Wing building decreased by Baht 7.1 million compared to Q2