Offeror : (1) P Plus P Public Company Limited (2) Sunshine International Company Limited (3) Aqua Corporation Public Company Limited (4) Mrs. Chompis Bunnag | Date of submission of the Statement of

stands at 20,037 keys, a net increase of 2,915 keys from 2018. The pipeline growth stems from the increase of the new managed hotels 4,733 keys (18 hotels) and hotels planned for construction provided an

keys, a net increase of 3,522 keys from 1Q 2019. The pipeline growth stems from the increase of newly managed hotels 4,413 keys (12 hotels) and hotels planned for construction contributed an additional

pipeline growth stems from the increase of new managed hotels 5,925 keys (20 hotels), partially offset by the discontinuance of the 4,269 keys (7 managed hotels). MANAGEMENT DISCUSSION & ANALYSIS 2Q 2020 13

objects of biological origin other than wood.12 Includes, amongst other things, the commercial cultivation and harvesting of amriso (broom grass), timur, bamboo stems, bamboo shoots, paper mulberry bark

reporting lower sunshine duration compared to the same period of the previous year. Q3/2017 performance compared to Q2/2017, the power plant business revenue lowered by THB 36 million (-4%), due to the

irradiation hours of other projects decreased due to the weather conditions in Japan, which witnessed torrential rainfall and was exposed to lesser sunshine duration. 3. Realized share of profit from investment

) and Dubai crack spread (IK/DB) retracted 0.76 $/BBL from the average of 12.95 $/BBL during the previous quarter. This stems from weakened demand due to the warming weather in summer. Also contributing

stems from the quantity of Shale Oil, which has a Gasoline yield of 52. 2% , rising by 1. 2 million barrels per day leading to supplies of Gasoline to remain in a state of market excess compare to 2018

stems from the price of finished product severely adjusting downwards following crude oil price in the global market, causing EBITDA to decrease. 3. Net marketing margin increased 12% QoQ from the