, employee and management benefits, office rental, travel expenses, and professional fees. In Quarter 1 of 2020, the decrease in administrative expenses is mainly due to (1) THB 0.59 million decrease in

-19 is therefore required to comply with the Social Distancing measures, resulting in reduced travel expenses abroad. Administrative expenses of the company for the three-month periods ended March 31

, travel expenses, and professional fees. In Quarter 2 of 2020, the decrease in administrative expenses is mainly due to (1) THB 0.59 million decrease from the expenses related to the preparation for listing

million, equaled to 2.60% of the total revenue from operations. The main reason came from the effect of COVID-19 pandemic, resulting in travel restriction and quarantine, curfew announcement, etc. The

before Bang Sue Interchange near the Suburban Metro Maintenance Center which can reduce travel time from using local road and traffic congestion on Kamphaeng Phet 2 Road. Overview Operational Results In

management cost is increased due to establishing the subsidiary overseas which causes higher travel and other relevant costs but due to the separate financial statement for the current period yields the long

cost, higher online travel agency costs, and employee costs to support the expansion of hotel business. 1Q18 EBITDA margin was 25.5%, compared to 23.0% of the previous year. In 1Q18, depreciation and

subsidiary has been restructured by set to work together. As a result, the cost of staff decreased, such as the cost of travel, commission fee as the overall revenue continues to increase. 3.4 Administration

under the 2 concept “Enjoy the World of Travelling Freedom”. The AEON Royal Orchid Plus World Mastercard offers the ultimate in travel experiences and superior customer benefits for both business and

Health Organization declared the Coronavirus (“COVID-19”) outbreak as a pandemic which resulted in travel restriction, lockdown and other precautionary measures imposed in various countries including