equivalent to 9.38% of business operation based on financial statement as of March 31, 2019, which is not considered as acquisition. However, according to the Board of Directors „s resolution 3/2018 on 18

period last year (source: International Tourist Arrivals to Thailand April-June 2019, Ministry of Tourism & Sports). The Company was fully aware of the situation and took actions by implementing new

actions by implementing new strategies and marketing plans to achieve better reach of both existing target customers and new customers. International sales revenue also experienced a similar degree of

. These are continuous actions and not a one-time effect. However, the Company believes that there are still more rooms for improvement which can continue to drive down our costs and expenses especially in

continued focus on maximising delivery and retail sales. These actions, along with careful management of all costs and expenses, resulted in the company making a net profit in the first quarter of 2021 of THB

series of actions to protect the health and safety of our associates, including the following: restricting travel and face-to-face meetings; arranging and facilitating flexible working time; social

, Ministry of Tourism & Sports). Additionally, The Chinese government announced a ban on outbound group tours since 24 January 2020. The Company was fully aware of the situation and took actions by

severely affected. The Company is aware of the situation and has been taking actions in an attempt to overcome the difficulties. The Company seeks additional income from other sources to help generate extra

have tax exemption during the acquisition and disposition of the assets in Philippines (the Transaction), the Company has resolved to include additional actions by having cash infusion and out in

any) Total 100 100 100 1. In case of IPO during the past 1-2 years, only the income structures of such periods are required, as the case may be. 2 Including the profit margins in the affiliates based on