impacts that may have on other funding costs. For Thailand, most economic indicators in the third quarter of 2018 grew at a decelerating rate, as evidenced by slowdowns in export value, international

investors. The key indicators and changes regarding to the operating performance and financial status are as follows: 1. Operating Performance of the Company for the second quarter ended 30 June 2017 1.1

that focuses on financial reporting process and sufficient arrangement of relevant resources. For example, attaching the Key Performance Indicators (KPIs) of company management to financial reporting

well as other marketplaces e.g. Shopee, Lazada etc. Industry Overview Thai economy in 4Q19 was slowdown. On the domestic front, private consumption indicators suggested expansion in all spending

Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 5 of 9 Self-Managed Hotels Indicators 2018 2019 %change Quarter 4/2018 Quarter 4/2019 %change No. of

increased by Baht 278 million, driven by profit in the period. Key Financial Performance Driven by a track record of good profits, the Company’s profitability indicators have continually improved. The

(ROA) as of Q1 2019 were at 14.4% and 6.8% respectively. The Company’s profitability indicators were lower than Q1 2018, mainly due to new investments which had not yet generated return. Interest bearing

profession. The audit profession includes, for example: audit firms, professional bodies and bodies or entities associated with the audit profession. Indicators of independence from the profession include: - A

businesses. Self-Managed Hotels Indicators 1H/2019 1H/2020 Change (%) No. of Hotels 2 2 - No. of Keys 297 297 - Average Occupancy Rate (%) 73.2% 32.5% (40.7%) ADR (THB) 8,674 9,653 11.3% RevPAR (THB) 6,347

-Managed Hotels Indicators Quarter 1 2019 Quarter 1 2020 %change No. of Hotels 2 2 - No. of Keys 297 297 - Average Occupancy Rate (%) 81.4% 64.9% (16.5%) ADR (THB) 10,174 9,760 (4.1%) RevPAR (THB) 8,285