• Lunch break is not a universal pattern of equity market trading • A handful of markets maintain the lunch break, e.g. Singapore attempted to adjust the lunch break but eventually re-instated it. • Lunch

MD&A Q4_2018 (Eng.) February 21, 2019 Subject : Yearly Management Discussion and Analysis of 2018 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements

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accordance with the investment in high-end lifestyle resort on Island 3 of Crossroads project, S Hotels and Resorts (SC) Co., Ltd. ("SHR SC"), a wholly owned subsidiary of the Company, enterred into a share

SHR MD&A TH ค ำอธิบำยและกำรวิเครำะห์ของฝ่ำยจดักำร บรษิทั เอส โฮเทล แอนด ์รสีอรท์ จ ำกดั (มหำชน) S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com หน้า 1/9 วนัที ่15 พฤษภำคม 2563

. For elastic segment for baby diapers; The major manufacturers have switched to use the spandex instead of natural rubber, and the competition is quite high. As a result, the sales of the company of this