had a higher impact from the decline in domestic purchasing power leading to lower prepaid usage despite an increase in tourism-related income. Competition remained intense with the market continued

foreign tourists will continue to increase, from the recovery of the tourism industry in accordance with the rising number of arrival tourists. AU projects Expansion of Pop-Up Stores The Company plans to

Pop-up store, by opening specifically in many tourism places that has high density of customers while inventing new special menu for each seasonal events. During Q4/2022, the Company opened 2 additional

25.7%, increased from 11.7% in 2022 of total customers. This was driven by the recovery of Thai tourism from Asian tourists, especially Vietnamese, who have been a new customer group since the end of

, Thailand Tel (035) 350 880 Fax (035) 350 881 Website: www.aapico.com Management Discussion and Analysis for the 2nd quarter of year 2024 6 significant growth in tourism. However, the recovery will likely be

result, NESDB has revised its 2024 growth forecast to a range of 2.3%-2.8%. Key supporting factors include the ongoing recovery of the tourism sector, private consumption, and both public consumption and

7,000.00 1 1,000.00 1 1,200.00 1 1,000.00 1 1,700.00 1 13 Tourism and Leisure 261.00 1 871.70 1 3,699.70 1 467.90 1 1,423.50 2 1,000.00 1 16,000.00 2 4,384.20 2 34,489.40 2 1,402.20 1 600.00 1 600.00 1

1.35 $/BBL compared to Q3/ 2 0 1 7 due to pressures from demand in the tourism travel sector during the summer, therefore increasing the amount of air travel. Jet (Kerosene) / Dubai crack spread

to a stronger growth of trading partners’ economy, and in terms of prices on the back of rising global crude oil price. Tourism sector continued to expand, private consumption gradually increased

Korat Hotel (for comparison purposes), decrease of 3.7% mainly from Dusit Thani Laguna Phuket Hotel and Dusit Thani Pattaya Hotel showing a revenue decrease from last year due to impact of tourism