ANTIGUA AND BARBUDA AG BOUVET ISLAND BV ARGENTINA AR BRAZIL BR ARMENIA AM BRITISH INDIAN OCEAN TERRITORY IO ARUBA AW BRUNEI DARUSSALAM BN AUSTRALIA AU BULGARIA BG AUSTRIA AT BURKINA FASO BF AZERBAIJAN AZ

ANDORRA AD BOLIVIA (PLURINATIONAL STATE OF) BO ANGOLA AO BONAIRE, SINT EUSTATIUS AND SABA BQ ANGUILLA AI BOSNIA AND HERZEGOVINA BA ANTARCTICA AQ BOTSWANA BW ANTIGUA AND BARBUDA AG BOUVET ISLAND BV ARGENTINA

Joint Venture Agreement in accordance with the investment in high-end lifestyle resort on Island 3 of Project CROSSROADS (the “Project”) with our strategic partner – Wai Eco World Developer – a

properties located in 4 countries, namely: ( 1) Outrigger Fiji Beach Resort, Fiji, (2) Castaway Island, Fiji, (3) Outrigger Laguna Phuket Beach Resort, Thailand, (4) Outrigger Koh Samui Beach Resort, Thailand

77 90 96 Occupancy rate (%) 76% 59% 64% Rev Par (Baht) 9,195 6,327 8,329 Page 4 of 7 Management Decision and Analysis Q3’18 Hotels Q3’17 Q2’18 Q3’18 Phi Phi Island Village No. of room 201 201 201

quarter 2019 2) Parties involved Seller Eason Paint Public Company Limited Buyer Pristine World Invest Limited (British Virgin Island) Relationship Not connected person 3) The general characteristics The

Fiji Beach and Castaway Island Fiji have resumed its operation on July 1 and 31, 2020, respectively. − Mauritius Expected to resume on September 1, 2020 Management’s Discussion and Analysis S Hotels and

2019. (2) Two self-manage hotels in Thailand, operate under independent branding, namely, Phi Phi Island Village Beach Resort located on Beachfront of Phi Phi Don Island in Krabi and Santiburi Hotel

Developer, conglomerate business partner from Myanmar, to develop a High-end lifestyle resort on Island 3 of Crossroads. The Resort on Island 3 of Crossroads project is composed of 80 villas with the price

constitutes those of 100%-owned Santiburi Beach Resort & Spa (“Santiburi Beach”) and Phi Phi Island Village Beach Resort (“Phi Phi Village”). Performance of the 29 hotels (50% owned) in UK was recognized under