percent increase in Revenue Passenger Kilometers (RPK) which was lower than the same period last year. (6.7 percent growth in January-September 2018) where Europe had the highest growth at 5.1 percent

expanded more than year 2016. In addition, the expansion of automotive industry and tourism sector were said to be another two significant factors that stimulated Thai economic growth for this quarter. The

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

(Thailand) Co., Ltd., capital increase, and the issuance and allocation of the newly issued ordinary shares to the specific person under the private placement basis, and the schedule for Extraordinary General

(Thailand) Co., Ltd., the investment in the ordinary shares of S-TREK (Thailand) Co., Ltd., capital increase, and the issuance and allocation of the newly issued ordinary shares to the specific person under

usage amount more than 10% growth from 2018 and aims to increase 5,000 Boonterm kiosk to reach 134,000 kiosks nationwide at the end of 2019 as well as add new services to increase the frequency of using

31 st March, 2018 which was reviewed by authorized Auditor with the details as follows: The total revenues of the Company and its Subsidiaries in the Quarter 1/2018 was 165.55 million Baht, an increase

of 2017 was Bt1,794.3 million, an increase of Bt16.9 million or 1.0% (y-o-y). Caused from the total Growth (y-o-y) (q-o-q) (y-o-y) Services income 863.5 859.3 930.8 0.5% (7.2%) 1,794.3 1,777.4 1.0

103 million or 2.9% from the fiscal year 2017, mainly aligning to sales growth. Selling Expenses Total selling expense in the fiscal year 2018 was Baht 1,591 million, decreased by 3.6% or Baht 59

opinion that the share acquisition of Eastern Cuisine at the price of THB 300 million was appropriate, reasonable, and in the interest of the company because the business is on a continuous growth trend