) January - September Note: The Company has adjusted the selling expenses in the financial statements for the three-month and nine-month periods in compliance with Thai Financial Reporting Standard No. 15 Re

Thai Baht/USD and Chinese CNY/USD exchange rates is currently about Baht 200m per quarter for every 10% change in the average Baht/USD and CNY/USD rates (i.e. (1- 0.60) x Sales Revenue x 10% ). Out of

growth. The groups sales revenue are in foreign currency (primarily USD) and USD currency costs are approximately 60% of sales revenues. The Group operating profit sensitivity to change in the Thai Baht

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended March 31, 2018 In the first quarter of 2018, Thai economic growth gained

environment The Thai economy for the year 2018 expanded as expected according to its potential. For the last quarter of 2018, the economy continued to expand largely from domestic demands contributed both from

of the Thai capital market in the region as well as the recognition of the SEC’s international roles and collaboration for sharing of information, opinions and experiences in different areas

statements for the first quarter ended March 31, 2020 were prepared in accordance with the Thai Financial Reporting Standard No.9 Financial Instruments (TFRS 9) and Thai Financial Reporting Standard No.16

The financial statements for the first quarter ended March 31, 2020 were prepared in accordance with the Thai Financial Reporting Standard No.9 Financial Instruments (TFRS 9) and Thai Financial

of Chinese tourist arrivals totaled 9.7 million, still exhibiting a growth of 7.9% from last year. The Thai economic growth for 2019 is expected to decelerate, with the main drivers namely export and

: Ibis Styles Chiangmai Hotel invested by Premium Foods Co., Ltd. and Novotel Chumporn Beach & Golf invested by Thai Flavour and Fragrance Co., Ltd. Operation Results Statement of Comprehensive Income (MB