depreciated. In addition, this was due to a decrease in depreciation expenses from Dusit Princess Korat as a result of the asset disposal in late 2017. Education Business In 4Q18, revenue from Education

:..........................................(“…Trading Symbol…”) Industry:………….................... Number of Offering Shares:............………………….amounting to ……….% of the Company’s total issued and paid-up shares after the completion of this offering

Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the Second Quarter of 2017 1 1.2 Banking Industry and Competition 2 1.3 Regulatory Changes 3 2. Risk

Sale and Purchase Agreement. 8. Benefits expected to be generated The Company considered the asset acquisition and expected to generate benefits to the Company and the Company’s shareholders as follows

Line Extension. Cost of Rail business consisted of costs of farebox, O&M cost, maintenance cost and amortization of intangible asset under the MRT Blue Line Project. For the year 2019, the cost was at

pipes to automotive industry. 2 1.1 Revenue For the period of three months ended 30th June 2017, the Company and its subsidiaries had revenue from sales and service of Baht 810.47 million compared with

line with the rising of the average ridership at 22,000 trips/day. Cost of Rail business consisted of costs of farebox, O&M cost and amortization of intangible asset under the MRT Blue Line Project which

July 2017 (1 month before the connection). Cost of Rail business consisted of costs of farebox, O&M cost and amortization of intangible asset under the MRT Blue Line Project. For the year 2017, the cost

prices as well as the decline in public and private consumption. The tourism industry, especially in the hotel, transportation and restaurant businesses, was hard hit by the impact of COVID-19 outbreak

3.9 percent, respectively. Cost of Rail business consisted of costs of farebox, O&M cost, maintenance cost and amortization of intangible asset under the MRT Blue Line Project. For the first quarter of