of holiday club memberships increased by Baht 780 million. The revenue recognition of the property sales projects (Banyan Tree Deluxe Double Pool Villas, Banyan Tree Grand Residences, Cassia Phuket

2018, Details and progress of the Company’s residential projects are as follows: Remark: * In 2018, there were 75 residences recognized revenue (85 residences in 2017 and 33 residences in 2016). The

and the sale of holiday club memberships increased by Baht 255 million. The difference is largely attributed to the revenue recognition of property sales projects namely Cassia Phuket, Laguna Residences

5,646 million or 92%. The Company had recorded the revenue from sales of the MahaNakhon- The Ritz Carlton residences Bangkok while in 2019 the Company is in the completion process of other property 3 | P

house and condominium units reached THB 1,698m, grew by THB 1,307m or 334% YoY. The increase generally stemmed from transfer ownership of condominium unit of the Esse Asoke and Banyan Tree Residences

interests relating to Cassia 3, Banyan Tree expansion, Banyan Tree Grande Residences, Dhawa and Angsana Ocean View projects which were under construction. Income tax expenses increased by Baht 97 million as

club memberships decreased by Baht 379 million. The revenue recognition of the property sales projects (Dusit Villa, Banyan Tree Grand Residences, Banyan Tree Spa Pool Villas and Cassia Phuket) and the

hotel’s unique contribution to Thailand’s tourism industry. o Residences Designed to provide the ultimate in convenient city living, and managed by Dusit International in line with its unique brand of Thai

activity at their own residences or public activity. On the aforementioned reason, the company is concerned about hygiene and the safety of the attendees, shareholders and the team of all parties. The Board

YoY. Transfer ownership of condominium unit of the ESSE at Singha Complex, the ESSE Asoke and Banyan Tree Residences Riverside Bangkok mainly attributed to the surge. Residential projects for sales as