promoting expenses. Specific business tax and transfer fee were in accordance to revenue. 4.2 Administrative expenses In the second quarter 2020, the administrative expenses at Baht 43.47 million, decreased

(SHR_2020_CS-02_022) Management’s Discussion and Analysis for the performance of the six months ended of the year 2020 Business Overview For the six months ended of the year 2020, S Hotels and Resorts Public

amount of 52.64 million baht, as subsidiary, Grace Water Med Company Limited (“GWM”), operating business of producing and selling dialysis solutions and various medical supplies, which decreased from the

established any loss reserve in its accounts. Executive perspective for business trends in 2020 The Company's management foresees that the Company emphasis on caravan service at end of half year 2020 with

, the Company has revenue from sales equivalent to 481.98 million Baht. The revenue from sales is categorized to the business operation as follows: 1. Revenue from retails The first 6 months of 2020, the

million or 25.6% from those of 31 December 2019. Due to the increase in raw material, resulting from strong customer demand in Critical Infrastructure Solutions, Networking Power business and Electric

dissolution of the subsidiary of 107.25 million baht was caused by Footwear Tech 1530 Co., Ltd. (Subsidiary) registered to dissolve the business, Therefore, the Company recorded gain on disposal of assets

1 Management Discussion and Analysis for the period ended Q1/2021 Ref. SPVI 006/2021 Business Overview for Q1’2021 The operating results for the three-month period ended 31 March 2021 of S P V I

by Baht 444.73 million or 22.41% from last year mainly due to employee-related expenses, depreciation, development cost writeoff and Specific Business Tax. Share of profit from investments in

enormous potential to grow the Company’s scale of business operations from fundamental perspective. Such a transaction is not considered a connected transaction as defined by the Notifications of the Capital