Tender Offer for all Securities in Thai British Security Printing Public Company Limited, Increase of the Registered Capital, Allocation of the Newly Issued Ordinary Shares to the Company’s Existing

working capital for use in business operation and expansion, and other factors in relation to the business operation of the Company as the Board of Directors and/or the shareholders deem it appropriate

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 31 December 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok

branches according to plan. Focus on Continuous Branch Expansion of Dessert Café According to Plan In Q4/2023, the Company expanded 1 new dessert café in Bangkok, which is located at Asiatique. In 2024, the

Shares of the Company via a Private Placement, Partial Sale of VGI Global Media (Malaysia) Sdn. Bhd.’s shares, Issuance and Allocation of Warrants to Purchase Newly Issued Ordinary Shares of VGI Global

. Expected Benefits Obtained from Capital increase and Allotment of New Shares 6.1 The Company will have sufficient resource of funds for its business operation and expansion of investment in its business. 6.2

the expansion of Boonterm Kiosks. Expenses and expenses to revenues from main business 2Q17 2Q16 Increase (decrease) Million Baht % Million Baht % Million Baht % Selling expenses 36 2% 20 2% 16 80

10 บมจ.0107537002109 Page 1 of 9 บริษทั ดีมีเตอร ์คอรป์อเรชัน่ จ ำกดั (มหำชน) Demeter Corporation Public Company Limited เลขท่ี 191/43 อำคำรซีทีไอ ทำวเวอร ์ชัน้ 21 ถนนรชัดำภิเษก แขวงคลองเตย เขต

Q1/2018 due to the raising in raw water sales volume and net profit attributable to equity holders of the parent company of 341.71 million Baht, increased by 39.04 million Baht or 12.90%. Income

(Translation) May 15, 2019 Ref: SET-2019-008 Re: Management Discussion and Analysis for Quarter 1’ 2019 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited and its