Following the discussion with TFAC on 13 March 2020, SEC submitted a letter to TFAC on 17 March 2020 to propose an issuance of accounting guidelines in response to the COVID-19 situation that
also be reasonable and not resulting in a similar situation as non-operation. The regulations aim to ease the flexibility of the operation of business providers by reporting to SEC after outsourcing
, which is increased from the same period of last year by 5 million baht or 510.20 percent. Although this year there has been the COVID-19 epidemic situation affecting all industries across the country and
: International Tourist Arrivals to Thailand January-August 2019 , Ministry of Tourism & Sports). The Company was fully aware of the situation and took actions by implementing new strategies and marketing plans to
cancellations of some of our long-term contracts. To address this issue, we have been relentless in identifying new clients to replace those cancelled contracts; while we foresee the situation in Malaysia to be
period last year (source: International Tourist Arrivals to Thailand April-June 2019, Ministry of Tourism & Sports). The Company was fully aware of the situation and took actions by implementing new
sales experienced a major decline especially revenue generated via traditional trade channels. The Company is aware of the situation and its impacts and already overhauled its strategies and marketing
1% from the same period last year (source: International Tourist Arrivals to Thailand January-August 2 0 1 9 , Ministry of Tourism & Sports). The Company was fully aware of the situation and took
growth. In 2019, the real estate sector was beginning to face a slowdown as a result of various negative factors, particularly the Bank of Thailand’s Loan to Value (LTV) measure. The situation is worrisome
, Ministry of Tourism & Sports). Additionally, The Chinese government announced a ban on outbound group tours since 24 January 2020. The Company was fully aware of the situation and took actions by