global economic slowdown, the coronavirus disease (COVID-19) pandemic severely affects the tourism industry. The World Tourism Organization has assessed the likely impact of the COVID-19 that international
when the contract ends. The Group’s management assessed the agreement in accordance with TFRIC 12 ‘Service Concession Arrangements’. As a result, the Group’s management recognized revenue from
prior to the investment date. In case the intermediary has already assessed such suitability for the client as specified in Paragraph 1, the intermediary shall notify the client to acknowledge the result
prior to the investment date. In case the intermediary has already assessed such suitability for the client as specified in Paragraph 1, the intermediary shall notify the client to Amended by the
in Asia” from SKYTRAX World Airline Awards 2017. These awards were evaluated based on the world’s largest airline passenger satisfaction survey, taken by travelers from around the world every year. 4
potential growth of the Company’s business in the future. Additionally, the offer price which has been 9 evaluated by the Company’s financial advisor via several valuation methodology in accordance with
acquisition date. And lastly, the Company has evaluated fair value of identifiable assets and liabilities as at the acquisition - Translation - Page 10 of 11 date. Difference between the fair value of net
Best Regional Airline” and “Best Regional Airline in Asia” from SKYTRAX World Airline Awards 2017. These awards were evaluated based on the world’s largest airline passenger satisfaction survey, taken by
the investment policy of the mutual fund; (b) performance of the mutual fund evaluated by the standards of the association or the SEC Office, as the case may be; 18 (3) In case where the mutual fund has