5.0 percent in which the Russian tourists had the highest growth at 24.9 percent, following by the tourists from East Europe and Spain with 18.3 and 4.8 percentage growth respectively. For the situation

percent, compared to the same period last year. This is because a recovery of zero-dollar tours situation in previous year. Overall, a number of Chinese visitors grew by 12 percent for the whole of 2017

up to date and keep a the IT contingency plan outdoor. · Testing an operation under the IT contingency plan once a year at least by testing in a manner of duplicate a real situation in order to assure

situation in order to assure that able to operate in practice and having a record of such test. [M] o Communicating the IT contingency plan to necessity concerned person to acknowledge. [A] o In case of

Thailand from July- November 2018 declined at 12.0 percent, but the situation started to improve in December. As a result, the 3 ASIA’S BOUTIQUE AIRLINE overall Chinese arrival to Thailand increased at 2.8

Company encounters the situation of the lack of financial liquidity and the cash flow for debt repayment and business operation, as the Company has continuous loss. Thus, the Company considers the business

channel, dated 10 May 2019. 3.3 Rationale and background of the transaction Currently, the Company encounters the situation of the lack of financial liquidity and the cash flow for debt repayment and

still in downturn from the trade war between USA and China that continues to escalate as well as unclear situation of BREXIT. Thailand economy continues to slow down from the previous quarter, contributed

financial statements. 3.3 Rationale and background of the transaction Currently, the Company encounters the situation of the lack of financial liquidity and the cash flow for the business operation, as the

from the US foreign trade policies and retaliatory measures by major advanced economies as well as volatility in the global financial markets. In the meantime, the domestic political situation warrants