consists of the Central Phuket Floresta and Central Phuket Festival, is counted as a single project Overview As of December 31, 2019, the Company managed 34 shopping centers (15 projects in Bangkok
referenced evidence in making investment decision; (4) Potential investment risks are managed when making investment decision. The investment shall be done reasonably and appropriate to the fund at a
reliable information, documents or referenced evidence in making investment decision; (4) Potential investment risks are managed when making investment decision. The investment shall be done reasonably and
19.92%, respectively. The increase was due to the company and subsidiaries managed to control their selling and administrative expense well. Total expense compared to total revenue ratio decreased from
project development cost also increased THB 357.0mn and an increase in short-term loans to jointly controlled entity of THB 260.1mn for deposit of land for new projects launched in 2019. (details in topic
by 3.1 Million THB or 22.3% YoY since one of the company’s subsidiary has managed to lessened the loan principal with a bank. Net Profit/(Loss) for the year Net Loss of 278.9 Million THB, Loss
business(1) Indicators 2017 2018 9 months in 2018 9 months in 2019 Self-Managed Hotels(2) Number of hotel(3) 2 2 2 2 Number of key(3) 278 291 284 297 Occupancy rate (%)(4) 81 76 78 73 ADR (THB) 8,074 8,415
than existing products; and became more experienced with the production of high-end products, resulting in higher gross margin for Company. And the Company also better managed production costs from new
Proceeds: the issuer must demonstrate the tracking of the managed proceeds for the designated project and credit the proceeds into a sub-account, in clear separation from the issuer’s other accounts; 2.4