exterior look, and also setting up a new “Food Destination Zone”, which combines food court, restaurants, food kiosks, and supermarket altogether at the same area in order to draw traffic into the shopping

654 3323 560.86 1,194.14 469.20 227.29 2,434.12 6,114.97 Others revenue Revenues from food and beverage business Revenues from property business 2018 2019 2.6% 27.7% 69.7% 2018 Others revenue Revenues

Microsoft Word - el295e Date : May 14, 2019 Subject : Management Discussion and Analysis for the Quarter 1/2019 To : Managing Director The Stock Exchange of Thailand Kuang Pei San Food Products

Microsoft Word - el283e Date : May 14, 2018 Subject: Management Discussion and Analysis for the Quarter 1/2018 To : Managing Director The Stock Exchange of Thailand Kuang Pei San Food Products Public

Microsoft Word - el285e Date : August 14, 2018 Subject : Management Discussion and Analysis for the Quarter 2/2018 To : Managing Director The Stock Exchange of Thailand Kuang Pei San Food Products

Veranda Resort Public Company Limited Management Discussion & Analysis Q1/2020 Management Discussion & Analysis Q1/2020 Revenue Structure Hotel 45.3% Property development 46.4% Food and beverage 6.1

Date : May 15, 2020 Subject : Management Discussion and Analysis for the Quarter 1/2020 To : Managing Director The Stock Exchange of Thailand Kuang Pei San Food Products Public Company Limited would

897,063 (57.0%) Food and beverage revenue 639,516 959,886 (33.4%) Other revenues 276,209 348,397 (20.7%) Hotel income 1,301,172 2,205,346 (41.0%) Cost of sales and services 1,065,622 1,216,118 (12.4

158,067 235,449 (32.9%) Food and beverage revenue 172,835 219,300 (21.2%) Other revenues 66,367 77,322 (14.2%) Hotel income 397,269 532,071 (25.3%) Cost of sales and services 275,326 283,641 (2.9

Revenues Revenues For the Year Ending 31 December % Change 2018 2019 THB Mn % (1) THB Mn % (1) Revenue from Sales of Food & Beverages 2,852.6 96.2% 3,026.6 96.3% 6.1% Franchise Fee Income 69.6 2.3% 75.9 2.4