Management Discussion and Analysis for the 2st Quarter 2017 ended August 31 Management Discussion and Analysis for the 2 st Quarter 2017 ended August 31, 2017 AEON Thana Sinsap (Thailand) Public

  Management Discussion and Analysis of FS2017 Page 1/5 JMT Network Services Public

43, 81 369 Munich. Incorporated under the laws of: Germany Type of business: Hotel management service Registered capital: EUR 4,700,000 or equivalent to Baht 180,198,000 (divided into 4,700,000 shares

transaction is to have Vienna House Thailand, as joint venture company between VI and Absolute Services Company Limited, engage in hotel management services in Thailand. The details of the company are as follow

: Vienna House Asia Limited (“VHA”) Address: Suite D, 16/F., On Hing Building 1-9 On Hing Terrace, Central, Hong Kong Incorporated under the laws of: Hong Kong Type of business: Hotel Management Registered

”) Transaction type : Renewal of a hotel management advisor agreement which also granted the right to use the brand “Centre Point” for one year (1 October 2017-30 September 2018), with a renewal option upon mutual

the market rate proposed by Lumpini Property Management Co.,Ltd. Type and Scope of Interest of Connected Person Relationship between Tang Mong Seng Holding Company Limited (“MH”) and Pacific Pipe Public

financial statements as of June 30th, 2019. Criteria to determine value of transaction : Comparing with the market rate proposed by Lumpini Property Management Co., Ltd. Type and Scope of Interest of

: Employee : The Subsidiary of Quality Houses Public Company Limited (“the Subsidiary”) Employer : The Mandarin Hotel Public Company Limited (“Mandarin”) Transaction type : Renewal of a hotel management

Investor type Customer relationship management Financial Literacy Financial Literacy Research Objectives 1. Clustering Thai investor types based on their investment portfolio allocation. 2. Investigates the