Airline Passenger Experience Association), a non-profit membership trade association dedicated to improving the entire airline passenger experience. The APEX Official Airline Ratings™ is based on neutral

global trade volume affected by trade tensions and the impact of structural changes in the Thai economy on export sector. Public expenditure and private investment would expand slower than the previous

improving domestic economy. Our domestic market growth is also supported by our cash van strategies which lifted up our distribution coverage over the traditional trade channel in key trade regions. This

Competition Act B.E. 2542 (1999). Effective October 7, 2017, the new law improves governing measures for trade competition for greater clarity and efficiency, in particular with regard to operations of entities

operations will be equal to THB 122mn. 1Q 2018 CONSOLIDATED P&L SNAPSHOT CONSOLIDATED P&L SNAPSHOT 1Q 2018 PERFORMANCE ANALYSIS (YoY) In 1Q 2018, the Company reported a consolidated operating revenue of THB

subsidiaries (Hereinafter called “The Group”) would like to submit Management’s discussion and analysis for the year 2019 with the summary as follows: - 1. Nature of operations of the Group The Group has

the decrease was due to hotel operations in the United Arab Emirates, but increased in performance in Guam. Income from education business was THB 76 million, decreased by 7% Education Business The

profit before income tax because high proportion of the increase in profit before income tax expense was derived from subsidiaries’ promoted operations, which were exempt from corporate income tax. Profit

last year. Meanwhile, imports of Hot Rolled Steel decreased by 14% and Domestic Production increased on 11.5% compared to same period last year. The trade war between USA-China, high imports due to

and according to target. In 3Q19, growth in the Thai economy decelerated primarily driven by a decline in export growth from world-trade sluggish effecting from Trade War. However, the Thai economy is