-11 and other leading retail shops, and Tesco Lotus to be paying agents for investment in mutual funds by this June. With branches across the country, they make the first step in the capital market to

launch of Singha Complex in late 2018. 2019 Net profit at THB 1,209m, or 16% decline YoY, due to various factors, namely profit margin during early stage of 2 hotels in Crossroads project phase 1

results of the current inspection cycle in the engagement-level mostly emerged from the lack of sufficient appropriate audit evidence in substantive procedures phase. The audit of revenue, the audit of

key driver of the modern economy. We are proud to take another step in our long-time partnership with SEC Thailand with a particular focus on the cutting edge of finance: FinTech and sustainability

certain office space at Singha Complex in 4Q17 performance. Major Developments in 1Q18 • Approved in the 2017 AGM, in February, S Hotels and Resorts (SC) Co., Ltd. (a 99% subsidiary) invested in Phase 1 of

) Paid up capital as at the Commercial Operation Date of the first phase of the project. (Million baht) U-Tapao International Aviation Company Limited (“UTA”) 4,500 9,000 Percentage of shares in U-Tapao

Review Panel (“QARP”) First step with confidence Activities for audit quality enhancement Summary of inspection results Next step for stability Conclusion Significant statistical information 3 4 7 8 13 31

near future. For the impact on Thailand, The Baht appreciation is greatly appreciated. Compared to other currencies, as a result, the competitiveness of Thailand on the world stage has decreased

will be beneficial for the Capital Market services accessibility . In the first phase,  SEC also has planned to  adopt the DLT to increase the effectiveness in accepting and enforcing collaterals in

to complete. Moreover, the 2016 inspection results of the auditors’ engagement showed that most findings were in the substantive testing phase, with the audit of revenue, the audit of inventory and the