BOUTIQUE AIRLINE destination to Thailand instead. The number of family oversea trip from China was also noticeable due to the school break during this period (Source: Ministry of Tourisms and Sports). The
Sports). The Company has increased flight frequencies in Bangkok-Danang route to 7 flights per week, Chiang Mai-Mandalay route to 7 flights per week and Chiang Mai-Mae Hong Son route to 14 flights per week
percent in December 2018 (Source: Ministry of Tourism and Sports). In year 2018, CLMV routes were more focused according to passenger travel demand especially in Vietnam, Laos and Myanmar. The Company
share during the first 3 months of this year (Source: Ministry of Tourism and Sports). In the first quarter of year 2019, the Company has increased flight frequencies in Bangkok-Danang route to 14 flights
percent, was decreased by 8.2 percent. This leads to a slow growth of international tourist arrival to Thailand ( Source: Ministry of Tourism and Sports) . Furthermore, the strengthening of Thai Baht and
) and Germany (11.9% drop) (Source: Ministry of tourism and sports). One of the reason is the effect of FIFA world cup 2018 event hosted in Russia, especially during a month of June, corresponding with an
percent base on the net tangible asset basis, calculated from the latest audited consolidated 9-month financial statements ending 30 September 2017 of the Company, as such the highest transaction value of
excess of their shareholding on a private placement basis to Mr. Somprasong Panjalak who are not a connected person of the Company, at the offering price of THB 1 per share (the “Private Placement Offering