Management Discussion and Analysis 1 Ref: AC.017/2020 18 May 2020 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange

. In the event that any management company shall designate another person to undertake the investment management, such designation shall comply with the following rules: 1(1) The person so designated

any management company to perform differently or in addition to the performance standards as set out by the association as per paragraph two hereof. Clause 13. In the event that any management company

securities company will continue or be restored in a timely manner in the event of disruption of its normal operations, the securities company shall establish a policy on business continuity management that is

working committee in charge of implementation of the business continuity management policy. In the event of changes in the organizational structure, operational systems or other events which significantly

Dusit Thani PLC Management Discussion and Analysis For 2Q20 and 6M20 P a g e | 1 Executive Summary The COVID-19 pandemic has severely hit Thai and global economy, especially the tourism and

. Furthermore, KMM conducts business of event or reputed event management under the name of Komchadluek, for example, Komchadluek Award and Sky Running Event (Ngan Wing Loi Fah). After the entry into this

securities trading center is incorrect, and the mutual fund supervisor has certified the existence of such cause. In the event that the amount of the monetary compensation that a mutual fund management company

Thai language version is the definitive and official document of the Tender Offeror and shall prevail in all respects in the event of any inconsistency with this English language translation.” Amendment

shareholders of the Company and does not provide a service as consultant for the Company, have no relationship and have no vested interest with the Company, subsidiaries, the management, major shareholders or