14 May 2019 20:50:00
Management Discussion and Analysis Quarter 1 Ending 31 Mar 2019
Management Discussion and Analysis Company name : ERAWAN HOTEL GROWTH PROPERTY FUND Year : 2019 Quarter : Quarter 1 Ending : 31-Mar-2019 Note : JorTor. 11- 620176 May 14, 2019 To: The President The Stock Exchange of Thailand Re: Clarification of the change in net assets from operations in excess of 20% of Erawan Hotel Growth Property Fund (ERWPF) SCB Asset Management Co., Ltd., the Management Company of Erawan Hotel Growth Property Fund ("The Fund"), would like to clarify the change in the net increase in net assets from operations for the first quarter of 2019 which increase in excess of 20%, compared to that of the same period in 2018. The Fund has the net increase in net assets from operations for three months ended March 31, 2019 amounted to Baht 16.43 million, compared to the net decrease in net assets from operations of Baht -70.67 million for the same period in 2018, or an increase of Baht 87.10 million (123.24%) from that of the same period last year. It is a result of the fund has net unrealised loss from investments totaled Baht -87.95 million in 2018 which is non-cash accounting item. As a result, the net increase in net assets from operations for first quarter ended March 31, 2019 has changed in excess of 20% when compared to the same period last year. Please be informed accordingly. Yours faithfully, Erawan Hotel Growth Property Fund By SCB Asset Management Company Limited (Mrs. Tipaphan Puttarawigorm) Executive Vice President, Property and Infrastructure Investment Group This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.