progressed 62.79% (The construction plan was 62.55%). The commercial operation date is scheduled in the second quarter of 2022. Page 3 1.2 Additional Investments in Joint Ventures - On September 25, 2019, EGCO
Directors’ Meeting No. 5/2018 and PF Board of Directors’ Meeting No. 9/2018. The construction of Carnival Magic Project has progressed by about 98.56% of the total construction, or 84.63% of the total
completed and the construction of various buildings has progressed by more than 84.63% of the total construction. At present, the project is in the process of the development of utility system including the
completed and the construction of various buildings has progressed by more than 84.63% of the total construction. At present, the project is in the process of the development of utility system including the
unrealized gain on exchange rate of Baht 245 million mainly from the outstanding of net liabilities in US dollar while Thai Baht was appreciated against US dollar during that period; and • Non-recurring
was appreciated from 35.9 THB/USD at the beginning of 2017 to 32.5 THB/USD at the end of the year or 10% appreciation. Nevertheless, GGC’s financial position for the year ended 2017 remains strong, with
an impact from the THB appreciation against USD; in which the THB was appreciated from 33.1 THB/USD in Jul 2018 to 32.4 THB/USD in Sep 2018 (2% appreciation). Consequently, the company posted net
Karlovy Vary (Czech Republic), one of the Company’s managed hotels with a total of 126 keys. The average daily rate (ADR) decreased THB 70 per night as a result of the THB appreciation (THB appreciated from
result of (i) the THB appreciation against EUR (THB appreciated from 35.90 THB/EUR in 1Q 2019 to 34.49 THB/EUR in 1Q 2020) since the majority of the Company’s hotels earns their revenue in Euro and (ii
) increased 68 keys under AHS management contracts. The Average Daily Rate (ADR) decreased by THB 523 per night as a result of (i) the THB appreciation against EUR (THB appreciated from 35.70 THB/EUR in 2Q 2019