Airways Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the year ended 31 December 2018 Executive Summary The Thai economy in the last quarter in 2018 continued to grow
that Thai economy will grow faster than the same period last year, reflecting in a higher GDP. Export and tourism sector are the main factors that support Thai economy in the second quarter. In addition
Thai economy in the third quarter of 2018 had a positive trend in line with the expansion of world economy. The continuous growth from export sector and the implementation of advanced technology in
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regarding fund labeling (such as fixed income funds, money market funds, and equity funds), certain specific features, and special characteristics of funds (such as feeder funds and fund of funds). 3
Day of the Newly-issued share 28 August EGM: Equity Offering 13 December GLOW delisting Delisting Tender Offer (DTO) 45 business days 25 September 28 November 8 November Debenture issuance of Baht
2,056.1 1,112.0 1,677.5 944.1 84.9 378.6 22.6 Profit for the period 137.2 50.4 86.6 86.8 172.2 50.6 58.4 The Thai Economy in Q3–2020 improved from the previous quarter, according to reduce the strictness of
1,112.0 1,148.8 1,628.5 (36.8) (3.2) (516.5) (31.7) Profit for the period 50.4 59.7 69.8 (9.3) (15.6) (19.4) (27.8) The effects of COVID–19 are more severe than expected. Overall, the Thai economy in 2020
Governance Project" of the Securities and Exchange Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between