transaction with arm’s length conditions that could occur according to the necessity of the Company business operations. 11. Opinion of the Audit Committee which is difference from that of the Board resolution

increased from the second period of the year 2017 due to the current liabilities decreased.  The Debt to Equity Ratio is equal to 0.11:1 times, indicating normal criteria and no significant difference from

difference from the Board of Director’s opinion None Please be informed accordingly Mr. Nathapol Eksangkul Vice President

development operations which comprise of property sales and the sale of holiday club memberships decreased by Baht 97 million. The difference is largely attributed to the lower revenue recognition of holiday

of holiday club memberships decreased by Baht 246 million. The difference is largely attributed to the revenue recognition of property sales projects namely Cassia Phuket and Laguna Residences which

, making the selling price lower than its cost in some units. The subsidiary report the difference in the cost THB 1.03 million. 2.4) Cost of Banqueting and Restaurant increase THB 24.91 million and cost of

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

, 2019 Subject: Clarification of 1st Quarter 2020 operating results that posted a difference greater than 20% from the preceding year To: Director and Manager the Stocks Exchange of Thailand World

’ opinion which is difference from the Board of Director’s opinion None Please be informed accordingly Mr. Nathapol Eksangkul Vice President

, 2020 Re: Clarification of 2nd Quarter 2020 operating results that posted a difference greater than 20% from the preceding year To: Director and Manager the Stocks Exchange of Thailand World corporation