climbed up to 20 cent/lb then dropped sharply to 14 cent/lb during last quarter of the year due to funds speculation and global sugar supply forecasted to be surplus in 2018. As a result, the Company

funds speculation and global sugar supply forecasted to be surplus in 2018. As a result, the Company recorded average export price increase from 16,557 THB/ton to 14,792 THB/ton or decreased by 11

income of the Observation Deck on the MahaNakhon Project. The valuation relies on assumptions and forecasted numbers. PACE then used the valuation results to recognize an investment amount of Baht 8,231

revenues, excluding some categories of revenues that have already declared in the hotel management advisor agreement will be around Baht 7 Million per year. The remuneration is calculated from forecasted

October 2019 - 30 September 2020). The remuneration is calculated from forecasted total revenues of the Hotels, with the following details : (Translation) (Unit: Million Baht) Year 2019 2020 (Oct-Dec) (Jan

revenues that have already declared in the hotel management advisor agreement) which is approximately Baht 8 Million per year. The remuneration is calculated from forecasted total revenues of the Hotels

2020, National Economic and Social Development Council (NESDC) forecasted Thailand’s economy to expand by 1.5- 2.5 percent, softening from 2019 due to impacts from the coronavirus (Covid-19) outbreak

containing the COVID-19, economic growth is forecasted to contract by -7.8%1; the lowest growth among ASEAN countries. In addition, a range of political issues are loading to an uncertain economic recovery

performance as forecasted. In 2Q18 Dusit Thani PCL (“the Company”) reported total revenue of THB 1,125 million, up 3.9% yoy. This growth was driven by the growth in Other Businesses offsetting a slight decrease

gross margin was in deficit due to an adjustment to the estimated construction cost of Baht 25.26 million since the forecasted estimation of materials was lower than the actual one. In addition, due to