Veranda Resort Public Company Limited Management Discussion & Analysis Q1/2020 Management Discussion & Analysis Q1/2020 Revenue Structure Hotel 45.3% Property development 46.4% Food and beverage 6.1

food technology development, and to link culinary operations with its education business. On 3 April 2018, the company launched ASAI Hotels, a distinctive new brand designed to link curious, millennial

management in Thailand and worldwide, has operated into 5 business including Hotel Development, Education, Real Estate Development, Food and others. There are 4 brands for hotel and resort under DTC including

reason for the Company’s net loss was due to lower income from rental and service, an increasing in food and beverage cost and property development cost incurred. Thus, the details of the Company’s

facilities for Dusit Thani Excellence Center (DTEC) that includes the academic research and curriculum development center, food research and recipe development center, and center for non-degree education and

% Revenue Structure Hotel 6% Property development 86% Food and beverage 5% Management service 1% Revenue from hotel operations which is the revenue from hotel services including other services such as

Pattaya Beach, which will see the food zone re-development to include new vendors catered towards both locals and foreign tourists. Residential projects under construction are expected to be completed and

as integrate the mall entrance area with the future sky train station and 5.) Central Festival Pattaya Beach, which will see the food zone re-development to include new vendors catered towards both

malls, enhancement of existing malls, new mixed-use development projects, such as residential development, study into value-accretive merger and acquisition (M&A) opportunities, as well as apply efficient

destination concepts as well as integrate the mall entrance area with the future sky train station and 3.) Central Festival Pattaya Beach, which will see the food zone re-development to include new vendors