Eng_MD&A Final Q3'19 November 13, 2019 Ref: SET-2019-011 Re: Management Discussion and Analysis for Quarter 3’ 2019 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company

SHR MD&A 3Q19_EN Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 1 of 8 Management’s

SHR MD&A EN Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 1 of 8 August 13, 2020

SHR MD&A EN Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 1 of 9 May 15, 2020 (SHR_2020_CS

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

MD&A Q.3'17EN RP-AC 00/201 November 10, 2017 Subject: Clarification of Q3/17 Operating Results To: Directors and Managers of the Stock Exchange of Thailand Richy Place 0110 Public Company Limited

MD&A Q.4'17EN RP-AC 00/201 February 27, 2018 Subject: Clarification of Year 2017 Operating Results To: Directors and Managers of the Stock Exchange of Thailand Richy Place .//. Public Company Limited

MD&A Q1_2019 (Eng ) May 2, 2019 Subject : Interim Management Discussion and Analysis of Q1/2019 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements of

(3.51) (56.61) For the six-month period of 2018, the Company had a revenue from condominium sales of 1,3GH.I Million Bath, which is increased by 9J2.KH Million Bath or up by 2JK.HL% This was mainly due to

Eng_MD&A Q2'18 (Translation) August 14, 2018 Ref: SET-2018-016 Re: Management Discussion and Analysis for Quarter 2’ 2018 Attn. to: President The Stock Exchange of Thailand Filter Vision Public