The Stock Exchange of Thailand 1. Overview financial performance of E for L Aim Public Company Limited (“EFORL” or “the Company”) and its subsidiaries (collectively as “the Companies”) for Q3/2018

[COMPANY NAME] Ref.: EFORL IR007/2020 March 4, 2020 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2019 To President The Stock Exchange of Thailand 1. Overview financial

- Translation - Page 1 of 4 CBG 013/2020 8 May 2020 Subject Management discussions and analysis for the 3-month period ended 31 March 2020 To President The Stock Exchange of Thailand We, Carabao

Exchange (Baht 58 million). The Consolidated Net Loss stands at Baht 869 million against Baht 431 million due to drop in sales volume and selling prices. Unit : million Baht Q 3/2019 Q 3/2018 Group Revenues

public offering of BBGI Company Limited (“BBGI”) (IPO), the proposed listing of BBGI on the Stock Exchange of Thailand, the employee stock option programme for the benefit of directors, management and

airline business slightly declined by 0.6 percent from highly intense competition which caused the average fare to drop by 6.0 percent, particularly in Indochina routes. This was a consequence of increasing

business to Bangkok Air Catering Phuket Company Limited, a subsidiary of BAC. Average meal produced for the third quarter and nine-month period of year 2018 drop by 28.7 percent and 23.7 percent respectively

the director of the company and member of the Audit Committee To Director and Manager The Stock Exchange of Thailand Reference is made to the resolutions of the Board of Director Meeting No. 3/2019 of

quarter, the weaker performance was a consequence of highly intense competition which caused the average fare to drop by 3.6 percent and passenger yield per RPK to decrease by 2.3 percent compared with the

performance was a consequence of highly intense competition which caused the average fare to drop by 3.6 percent and passenger yield per RPK to decrease by 2.3 percent compared with the same period last year