expenses, which increased according to the increasing in number of employees to support the business expansion, pre-operation expenses as the result from the Group continuing expansion and new project

benefit expenses, which increased according to the increasing in number of employees to support the business expansion, pre-operation expenses as the result from the Group continuing expansion and new

branch expansion and branch renovation to attract customers. For branch expansion, the Company focused on opening new branches in large shopping malls and major cities. While for branch renovation, the

including the Company. Nevertheless, the Company has continued to undertake branch expansion and branch renovation to attract customers. For branch expansion, the Company focused on opening new branches in

income surged significantly, especially the 19% increase in bad debt recovery. However, this year the Company will focus on fee-based income expansion. Revenues Structure Profit and Loss Statement Unit

the business expansion by 2019. 5.2 the remaining proceeds to be used as a working capital . 6. Benefits that the Company would receive from the capital increase and share allotment 6.1 has a source of

profitability. 4. Describe the material effects of government regulations on the issuer's business, identifying the regulatory body. E. Group Structure If the issuer is part of a group, provide information about

, part-time, or temporary basis, including any individual working as a contractor, provided that such contractor is involved in the credit rating process. a government; political subdivision, agency, or

2020 (Source: Ministry of tourism and sport) For the second quarter of year 2020, the company suspended all flights since 7 April 2020 according to government orders as well as the announcement from

to contract with the government. 9. Conditions for approval The subsidiary company will only invest in the project once it has attained approval from the shareholders of the company with no less than