-02_012) Management’s Discussion and Analysis for the performance of the three months ended of the year 2020 Business Overview For the three months ended of the year 2020, S Hotels and Resorts Public

Baht 22.38 million, increased Baht 4.62 million or 26.01 % compared to the same period of 2019 because company and subsidiaries had increased advertisement and promoting expenses. Specific business tax

million, decreased Baht 2.26 million or 26.49% compared to 1 st quarter of 2017. Due to company and subsidiaries had less advertisement and promoting expenses. Specific business tax and transfer fee were in

20.54 percent from Q.3/2018, Due to increased marketing expenses Specific business taxes and transfer fees increase The Company and its subsidiaries' administrative expenses amounting to Baht 53.95

to 31 December 2019 Remark: 6 A written certification of employment signed by the authorized person of the business operator is required which must describe work experience and competency to provide

planner by the lead regulator in a country recognized by the SEC Office. − ✓ − − 6 Manager of a securities company undertaking derivatives business or person with the highest responsibility in the work unit

Products to Capture Changing Consumers Demands In Q2/2022, the Company has continued to launch new and unique products, both by developing new differentiated products with business partners such as the

Convention Center branch and Suvarnabhumi Airport branch. As a result, the Company will have 5 (Luggaw) branches by the end of 2022. Expanding Business Abroad The Company continues to look for opportunities

refinance the loans or encumbrances incurred by the infrastructure mutual fund itself or the infrastructure business being subsidiary of the infrastructure mutual fund for the purpose of proceeding in sub

applicant for approval of trust manager is a company with the main business objective to act as the trust manager, its directors must meet the following criteria: (a) there shall be at least two directors who