Dubai crude oil price in Q1/2019 adjusted downward by 4.89 $/BBL when compared to Q4/2018 in regards to pressure from diminishing crude oil demand stemming from major maintenance of refineries over in the

). Total Gross Refinery Margin (Total GRM) rose 67% YoY and 26% QoQ, while Market GRM lowered from the decreasing production volume. Moreover, the average crude price adjusted upward in the quarter, leading

sales and increased in number of registered vehicles for investment purposes. Exports during the first quarter of 2019 contracted 1.6% from the same period last year as a result of declining global demand

to COVID-19 pandemic. Therefore, the customer spending was still not fully recovered and declined shopping frequency. In addition, the international travel restriction also affected the declining of

commission, resulted in overall cost of service decreasing -1.5%YoY and remained flat QoQ. SG&A was under well-controlled, declining -26%YoY and flat QoQ. Marketing expenses dropped -33%YoY from lower

the low yield segment – housing loans which expanded by 149.0% yoy and corporate lending loans grew by 126.5% yoy. Meanwhile, cost of fund for 1Q18 dropped yoy from 2.4% to 2.3% resulting in declining

% resulting in declining loan spread from 5.2% in 1Q17 to 4.9% in 1Q18. % 1Q17 2Q17 3Q17 4Q17 2017 1Q18 Yield on loan 7.6 7.6 7.7 7.4 7.5 7.2 Cost of fund 2.4 2.3 2.1 2.3 2.3 2.3 Loan spread 5.2 5.3 5.6 5.1 5.2

the uncertainty of world economy reveals an impact on decreasing number of tourists (Source: Tourism Authority of Thailand). 3 ASIA’S BOUTIQUE AIRLINE For the second quarter of year 2019, the Company

of Chinese tourists. However, tourists from South East Asia faced a declining growth at 2.6 percent, dropped from 16.1 percent growth in the third quarter of 2018 while Europe, which is another top

quality, the Non-Performing Loans (NPLs) continue to show improvement with the Non- Performing Loans (NPLs) to total loans ratio at the end of 2018 declining to 4.1% from 5.0% at the end of 2017. On Special