Thailand Education • MBA, University of Iowa, U.S.A. • Ph.D. in Accountancy (Honorary), Thammasat University 2. Prof. Hiran Radeesri Position • Honorary Member, Thammasat University Council • Academic Member

the recognition of lease right assignment fee albeit a drop in room revenue from lower room inventory due to room renovations of Dusit Thani Laguna Phuket, Dusit Thani Pattaya and Dusit Thani Manila

Position: Honorary Member, Thammasat University Council Academic Member, Federation of Accounting Professions of Thailand under the Royal Patronage of His Majesty the King Chairman, Tax Auditor Examination

due to increased room inventory following the completion of rooms renovation while increase in revenue at Dusit Thani Huahin contributed by improved occupancy rate. Revenue breakdown EBITDA breakdown

expenses The Group's selling expenses increased at 0.92 MB or 15.41 because in the 3rd quarter 2017 the Company organized several academic seminars and product exhibition in line with the intention to

inventory on lower- margins from sales. Total expenses were Baht 450.0 million, decreased by 5.9% compared to same quarter last year due to measures taken up to control expenses. As a result, the Company

shutdown expenses 38.6 9.4 309.7 82.4 25.2 227.5 Allowance for the decline in value of inventory 1.7 3.9 (56.9) 3.0 5.1 (42.1) Selling expenses 69.7 83.4 (16.4) 142.8 167.1 (14.5) Administrative expenses

. (ESMA, 2016) • Traders that hold inventory overnight are more likely to benefit institutional investors by providing more sustained liquidity. (Putnins and Barbara, 2020) High activities Low activities

million, results include the planned River Wing renovation works which significantly reduced available room inventory for sale. The target opening in October 2019 has been delayed, however the risk

company, while the company still has improved on the inventory cost management as well as sales mix management in each product category efficiently, and strictly controlled on the selling and administrative