214 14% 191 11% 23 12% Finance cost 23 1% 28 2% (5) (18%) Income tax expenses 24 2% 29 2% (5) (17%) Selling expenses Selling expenses for the first quarter of 2020 and the selling expenses to revenue

expenses 2/ 291.0 271.0 243.3 -16.4% -10.2% 606.3 514.3 -15.2% Finance costs 48.1 84.7 77.3 +60.5% -8.8% 88.0 162.0 +84.1% Other expenses (reversal) 0.0 0.0 0.0 - - 0.0 0.0 - Profit before income tax

2.53 2.91 (0.38) 13.06% Distribution costs (0.97) (1.38) (0.41) (29.71%) 3 Administrative expenses (39.62) (40.36) (0.74) (1.83%) Profit before expenses 12.93 40.35 (27.43) (67.96%) Finance costs (5.63

, trade, and finance have been severely disrupted. (Source: Bank of Thailand) The hardest in Aviation industry from COVID-19 pandemic. It can be seen that worldwide Revenue Passenger Kilometers (RPK

224.5 18.7% Other income 3.2 1.9 69.7% Cost of sales - 204.2 - 189.8 7.5% Selling expenses - 5.9 - 5.3 11.4% Administrative expenses - 18.2 - 15.0 21.4% Finance costs - 3.6 - 4.0 -8.3% Profit for the

expenses Baht 588.19 million Baht 528.61 million Baht 59.58 million 11.27 1.7 Finance cost Baht 218.41 million Baht 215.23 million Baht 3.18 million 1.48 2. The operation results (from the consolidated

, in Q1/2020, the Group had expenses for the cost of services and administrative expenses totaling Bt592.6 million, an increase of Bt56.6 million or 10.6%(y-o-y) and operating profit before finance costs

% Operating Profit (Loss) 68.21 17.42% 14.66 6.74% 53.55 365.28% Finance Cost 1.93 0.49% 1.94 0.89% (0.01) -0.52% Other Revenues 1.75 0.45% 2.38 1.09% -0.63 -26.47% Unrealized gain (loss) on measuring fair

43.72 million Baht 29.83 million Baht 13.89 million 46.56 1.6 Administrative expenses Baht 136.79 million Baht 133.79 million Baht 3 million 2.24 1.7 Finance cost Baht 57.25 million Baht 51.46 million

GLOW within 2019. Progress Report on the last round of GLOW’s Delisting Tender Offer On 30 April 2019, Mrs. Wanida Boonpiraks, Executive Vice President, Corporate Finance and Accounting, received CFO of