Bangkok, October 1, 2012 ? The SEC signed a Memorandum of Understanding (MOU) with the Office of Auditor General of Thailand (OAG) on September 27 to enhance audit quality of state owned enterprises

for the Quarter 2’ 2018 Page 5 / 7 business strategy in new business. However, losses incurred from the expenditures that prepare and increase efficiency the management of the business is a priority. 4

of 410 megawatts, is a joint venture company among SK Engineering & Construction Company Limited (26 percent), Korea Western Power Company Limited (25 percent), Lao Holding State Enterprise (24 percent

depends on the nature of the item being hedged. In case of Cash Flow Hedges, only the effective portion of changes in the fair value of the derivative financial instrument is recognized in other

. Furthermore, the management cost is at the set budget. The company’s management cost in the first 6 months is at 108.1 million baht, 4.6 percent of the sales revenue and a decrease of 1 percent from the first 6

| www.shotelsresorts.com Page 3 of 8 Overview The Company is a holding company engaging in the management of hotels and investments in international hotel companies. Over the past three fiscal years, the Company’ s

Eng_MD&A Final Q3'19 November 13, 2019 Ref: SET-2019-011 Re: Management Discussion and Analysis for Quarter 3’ 2019 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company

addition, a rise in fuel price can be observed. Meanwhile, Ministry of finance revealed that the inflation rate of 2017 is expected at 0.7 percent, increasing 0.2 percent from last year. Considering global

a result, the Company gain a market share in the seaweed snack industry about 72 percent in this last December and the growth rate is higher than overall of the snack market. International sales: The

policy. Meanwhile, the Thai economy began to show financial signals after the Monetary Policy Committee decided to maintain the policy rate. This is a result of the Thai economy has continued to grow well