daily ridership of more than 200,000 trips and is fully operating since July 2017.  We’ve expanded further into the Malaysian market by acquiring 25% of Puncak Berlian Sdn. Bhd. (“PBSB”), which has a

expenses and other administrative expenses. Delivery costs also decreased as a result of the reduced number of delivery trips following lower sales. Another factor for the decrease was the adoption of TFRS

confidentiality. As a guideline for coping with impacts from digital disruption and fast-changing customer demands, we have also improved strategic capabilities through the following eight transformation journeys

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

. We also offered a new travel insurance product with low premiums for domestic trips in addition to international travel, as well as personal accident insurance via K PLUS, while continually providing