Society Hill Tianjin (China) and The Beach Club at Lubi Plantation Island, Managed by Dusit (Philippines). Unit: THB mn 4Q18 4Q17 Change FY18 FY17 Change Hotel business 1,298 1,278 20 1.6% 4,626 4,590 36

Biz Bangpakong 55.88 66.46 Total Commercial Building 1,197.86 28.14% 1,231.25 40.38% Condominium Tulip Grand 98.54 156.83 Tulip life 204.82 314.04 Miami Garden 289.10 384.66 Miami Beach front 202.76

. On 22 May 2018, the company opened Dusit Princess Moonrise Beach Resort, Phu Quoc, Vietnam under hotel management with 108 rooms. 2Q18 Operation Result In 2Q18, the Company reported total revenue of

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 located on Beachfront of Koh Samui

S'mores and Butter beer to enhance from “After You on the beach” that opened in the summer as well as to reach target customers in various locations that are popular in each season. Expansion of "Luggaw

a negatively impact on North Asia market due to the boat accident in Phuket in July. As a result, Chinese tourists shifted to other leisure and beach destinations such as Japan, 3 ASIA’S BOUTIQUE

operating performance of Hospitality business Hotel 1Q18 4Q18 1Q19 Santiburi Beach Resort & Spa No. of room 77 96 96 Occupancy rate (%) 81% 45% 67% Rev Par (THB) 12,996 4,975 9,548 Phi Phi Island Village No

Hospitality business1 Hotel 2Q18 1Q19 2Q19 Santiburi Beach Resort & Spa No. of room 90 96 96 Occupancy rate (%) 60% 66% 54% Rev Par (THB) 6,321 9,499 5,769 Phi Phi Island Village No. of room 201 201 201

, Total Food Business Revenues increasing by Baht 139.1 million (or 5.3%) YoY while Total Hotels Business decreased marginally by Baht 2.1 million (or - 0.1%) YoY. For Q3/2017, the Hotels Business achieved

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