Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of

building that is used or suitable for use as a dwelling. Technical Working Group (TWG): A group of key experts from academia, international agencies, industry and NGOs convened by the Climate Bonds

507.9 1,179.2 671.3 132.2 Project Management and overhead expenses 158.5 273.3 114.8 72.4 Total Expenses 2,390.6 7,114.9 4,724.3 197.6 Profit before share of loss from investments in joint ventures, 808.5

from starting transferred 16 units of Veranda Residence Hua Hin project in Q1/2020 which accounted for 7.8 % of the project value. • Revenue from hotel operations decreased by 135 million baht or

property development operations as second quarter of 2018 was transferred 44 units of residence units while in the second quarter of 2 0 1 9 was transferred 17 units with revenue from property development

mainly due to Veranda Residence Hua-Hin ownership transferred and also growth of revenue from sales of food and beverage business due to acquisition of Gram pancackes and Pablo Cheesetart during Q4/2019

holiday club memberships increased by Baht 863 million. The revenue recognition of the property sales projects, as a result of Banyan Tree Villas and Cassia Residence Phuket, was higher when compared to the

. Other income: Other income for the year ended 2019 increased by Baht 8 million or 3% increase compared to the same period of 2018. II Share of profit from investments in associates In 2019, the Company’s

same period of 2018. II. Share of profit from investments in associates In the second quarter of 2019, the Company’s share of profit from investments in associates was Baht 469 million, which increased

compared to the same period of 2019. II Share of profit from investments in associates In the first quarter of 2020, the Company’s share of profit from investments in associates was Baht 431 million, which