May 15,2018 Dear Director and The Manager of SET Re: Operating Performance’s Summary of Q1/2018 The Company has sales equivalent for the 1st quarter of last year amount to 326.04 million Baht. It has

-63.31 10.39 -65.55 -20.34 -31.26 10.92/1 -34.93 Note /1 Net loss increased compared to the same quarter of prior year by Baht 10.92 million or equivalent to 34.93% /2 The previous branches total 20

or equivalent to 50 percent of paid-up capital of UBM + VH Hotels GmbH (“UBM JV”) from UBM hotels München GmbH (“UBM Hotels”) at a total selling price of EUR 2,650,000 (or equivalent to Baht

(loss) 0.07 0.02 0.93 0.27 -0.86 -92.55 Net profit (loss) -60.55 -15.03 -81.60 -23.30 21.05/1 -25.80 Note /1 Net loss decreased compared to year 2016 by Baht 21.05 million or equivalent to 25.80% /2 The

) -14.88 -14.00 -15.41 -17.02 0.53/1 -3.44 Note /1 Net loss increased compared to the same quarter of prior year by Baht 0.53 million or equivalent to 3.44% /2 The previous branches total 21 branches have

million Baht had increase 35 Million Baht equivalent 83% from the same period of previous year. Therefore the company would like to clarify that the change was caused mainly by the significan transaction as

-100 Net profit (loss) -10.30 -15.85 -23.91 5.55 -35.02 13.62 -56.96 -41.57 -56.85 15.28/1 -26.88 Note /1 Net loss decreased compared to the same quarter of prior year by Baht 15.28 million or equivalent

) (40.61) (8.60) 13.52/1 (33.29) Note/1 Net loss decreased compared to the year 2018 by Baht 13.52 million or equivalent to 33.29%. For the year 2019, the Company has total revenues at Baht 548.29 million

) -15.85 -15.41 -19.08 -0.44 -2.86 3.23 -16.93 -31.26 -32.94 1.68/1 -5.10 Note /1 Net loss decreased compared to the same quarter of prior year by Baht 1.68 million or equivalent to 5.10% /2 The previous

Cost of sales in Q2/2016 and Q2/2017 totaled THB 119.9 mn and THB 159.3 mn respectively, equivalent to 56.2% and 81.1% of total cost-of-sale respectively. An increasing on cost-of-sale was derived from