business plan in the future and creates a return to the shareholders. Thus, you have been informed for your acknowledgment. Sincerely Yours, -Singed - (Mr. Suphot Sirikulapas) Chief Executive Officer

/2019 onward. The Company pursues its target to achieve a record high in earning for 3rd year consecutively and continue to create a return for the shareholders. Thus, you have been inform for your

(x) 1.69 1.93 (0.24) The increase in current portion from long-term loan Return on Equity (%) 0.79 1.96 (5.95) The decrease of operational performance Debt-to-Equity Ratio (x) 0.20 0.19 0.01 The

2Q/2019, 2Q/2018 and 1Q/2019 Key Financial Ratio 2Q/2019 2Q/2018 1Q/2019 Current ratio (x) 4.9 4.0 5.2 EBITDA to sales revenue (%) 2.7 3.2 5.0 Net profit to sales revenue (%) (0.7) (43.7) 0.8 Return on

conditions precedent as specified in SPA. 11. Opinion from the Board of Directors The Board of Directors considered that the expected rate of return and associated risks of this transaction are reasonable and

Synergy strategy. And the Company plan to start an insurance business in InsurTech Business platform to enhance return to the shareholders. Thus, you have been inform for your acknowledgment Yours

of 12 (1) Return on assets and return on equity are calculated based on net profit in the last twelve months (2) Interest bearing debt to equity net of cash and cash equivalent and short-term

baht in year 2018 due to the return of aircraft under wet lease arrangements. Selling Expenses For the first quarter of year 2017 and year 2018, selling expenses were accounted for 7.7 percent and 7.3

return of aircraft under wet lease arrangements. Selling Expenses For the first quarter of year 2017 and year 2018, selling expenses were accounted for 7.7 percent and 7.3 percent of total expenses

 Profitability Ratios The gross margin was 25.50% and the net profit margin (%) was 19.42%  Performance Ratio The return on assets (8.74) indicates that the company can not use the asset efficiency. To achieve