LIMITED IIG: I&I GROUP PUBLIC COMPANY LIMITED IND: INDEX INTERNATIONAL GROUP PUBLIC COMPANY LIMITED JKN: JKN GLOBAL GROUP PUBLIC COMPANY LIMITED JMART: JAYMART GROUP HOLDINGS PUBLIC COMPANY LIMITED KK: K&K

public and private organizations worldwide are pressing more emphasis on promoting investment for sustainable development, institutional investors have more roles to play as far as the ESG factors and

transactions to be easily done through internet effectively, crowdfunding has therefore become popular with continuous growth over the years as a viable funding option for SMEs and startups worldwide

global trade volume affected by trade tensions and the impact of structural changes in the Thai economy on export sector. Public expenditure and private investment would expand slower than the previous

its Subsidiaries Management’s Discussion and Analysis for the year ended 30 June 2020 2 ASIA’S BOUTIQUE AIRLINE Executive Summary The Covid-19 pandemic plunged global economy into worse recession in the

inflation in line with the world oil price (Source: The Bank of Thailand). The overall global aviation industry in the first 9 months of 2019, a growth in passenger traffic globally was supported by 4.5

sluggish effecting from Trade War which impacted the global economic sentiment. However, the Thai economy is attributed mainly by number of factors, namely 1.) Growth in Tourism sector particularly in 2H19 2

investment start to flow back to USA, US Dollar start to get stronger in the long term (Source: The bank of Thailand). The overall global aviation industry in the first quarter of 2018, a growth in passenger

, US Dollar start to get stronger in the long term (Source: The bank of Thailand). The overall global aviation industry in the first quarter of 2018, a growth in passenger traffic was supported by 7.2

: Given over 2,000 million Facebook users worldwide, Libra will likely bring broader impacts. Cross-border fund transfer among individuals will be more efficient and be made instantly, similar to sticker