expected to generate THB 6,200 - 6,500mn. We expect Vienna House to benefit from (1) the uplift of renovating 5 hotels, (2) the opening of 2 hotels Vienna House Mokotow Warsaw and Vienna House Easy Kronberg

inevitably affected the Company’s operating revenue. In addition, the Company had invested in renovating its long overdue hotels to enhance competitive edge in the market. Moreover, the economic slowdown and

inevitably affected the Company’s operating revenue. In addition, the Company had invested in renovating its long overdue hotels to enhance competitive edge in the market. Moreover, the economic slowdown and

inevitably affected the Company’s operating revenue. In addition, the Company had invested in renovating its long overdue hotels to enhance competitive edge in the market. Moreover, the economic slowdown and