, Riverside Terrace, and Lord Jim’s Restaurants as approved by the Extraordinary General Meeting of Shareholders held on 12 December 2018. For this reason, net loss for this quarter increased by Baht 157.1

included the closure of 338 guestrooms, Verandah Restaurant and Terrace, and Lord Jim’s Restaurant as approved by the Extraordinary General Meeting of Shareholders held on 12 December 2018. For this reason

220.9 million or 55.4% compared to the same period last year which was resulted from the renovation of the River Wing building that included the closure of 338 guestrooms, Verandah, Riverside Terrace, and

Veranda Resort Public Company Limited Management Discussion & Analysis Q2/2020 Management Discussion & Analysis Q2/2020 The company has main revenue portion from the property development business

หนา้ 1 VRS_13/2562 September 17, 2019 Subject Notification of investment in a subsidiary company To The President The Stock Exchange of Thailand Veranda Resort Public Company Limited (“the Company

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

Page 1 No. VRS_11/2562 Date 14 August 2019 Subject: Management Discussion and Analysis for the quarter ended 30 June 2019 To Director and Manger The Stock Exchange of Thailand Veranda Resort Public

: Vienna House Asia Limited (“VHA”) Address: Suite D, 16/F., On Hing Building 1-9 On Hing Terrace, Central, Hong Kong Incorporated under the laws of: Hong Kong Type of business: Hotel Management Registered

ตัง้ส านกังาน: Suite D, 16/F., On Hing Building 1-9 On Hing Terrace, Central, Hong Kong จดทะเบียนจดัตัง้ภายใต้กฎหมาย: ฮ่องกง ประเภทธุรกิจ: บริหารกิจการโรงแรม ทนุจดทะเบียน: 156,000 ดอลลาร์ฮ่องกง (แบ่งเป็น

than three-fourths of the total number of votes of the shareholders. At the meeting and have the right to vote. The Emerald Terrace Condo Patong is operated by Phuketfuture Development Co., Ltd. which