2016 2017 2016 Revenue ASK (RASK) Baht per Available Seat - Kilometers 2.92 3.33 3.34 3.89 Cost per ASK (CASK) 3.36 3.20 3.36 3.25 Cost per ASK excluding fuel cost 2.75 2.69 2.72 2.75 RASK – CASK (0.44

., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 (“TRANSLATION”) TG 021/2563 February 27, 2020 Subject: Clarification of the Operating Result for the significant change Attention

due to decreased of the revenues from Ibis Style Hotel Chiangmai by THB 4.89 million causing from low season together with economic slowdown impact and closing partial hotel area for renovation. For

revenue from the core business in 2Q2020 was Bt666.61mn, decreasing 17.1% YoY, mainly from a decrease of the middle-to-low income population’s purchasing power due to drought and Covid-19 pandemic, as well

Microsoft Word - MDA 2017 EN SET Final.docx Page 1 of 5    L-WAVE ENT 28/2018 28 February 2018 Subject: Report on reasons of change to profit (loss) and analysis on operating results by the

was THB 122 million, a slight decrease from THB 124 million in 1Q17 due to the reasons mentioned above. Unit: THB mn 1Q18 1Q17 Change Amount % Hotel Business 1,364 1,324 40 3.0 Education Business 122

2016, mainly due to higher selling price of all products, especially on PVC and Caustic Soda according to higher production cost of Chinese PVC suppliers and limited PVC and Caustic Soda export volume

% (4.38%) 2.2 Real estate 53.30% 38.67% 40.00% 14.63% 2.3 Total income 34.86% 37.85% 38.14% (2.99%) 3. Other income 5.85 2.60 3.03 3.25 125% 4. Selling expenses, administrative expenses and financial cost

completed projects and new projects that received in this year. 2. Cost of construction increases in the amount of Baht 63.48 million or 71.30% for three-month period and Baht 168.06 million or 84.73% for

Company’s business in Quarter 3 is traditionally softer compared to Quarter 1 and 4 due to low tourist arrivals in Phuket during this time of the year. Total revenue for the three-month period increased by