License and Granting of License to Provide Services as Securities Registrar (No. 4) dated 27 October 2003 (effective on 1 November 2003). 2 (4) being able to show that an internal control system capable of

to commissions fee from electrical engineering projects. However, in comparison with total operating revenue, SG&A per revenue decreased from 7.0% in 3/2018 to 6.2% in 3/2019 due to budgeting control

interest of investors based on proper and effective rules and regulations. This serves to assure investors that management companies will appropriately manage the investments for investors, keeping in mind

investors based on proper and effective rules and regulations. This serves to assure investors that management companies will appropriately manage the investments for investors, keeping in mind the protection

on proper and effective rules and regulations. This serves to assure investors that management companies will appropriately manage the investments for investors, keeping in mind the protection and

manage REIT in accordance with the trust instrument. “REIT” means a real estate investment trust pursuant to the Notification of the Capital Market Supervisory Board concerning the Issuance and Offer for

café which has a higher gross profit margin than sales from other distribution channels. The Company has also displayed the ability to manage cost efficiently. G R O S S P R O F I T a n d G R O S S P R O

the right to manage inflight media on 20 planes of Nok Air and 4 planes of Thai Lion Air. Combining with its existing media inflight network, Aero Media has a total of 80 planes in the portfolio

Billboards  Aero Media Group Company Limited (“Aero Media”) had secured the right to manage the media on 20 planes out of 32 planes2 of Nok Air. Currently, Aero Media has the largest ‘one-stop shop’ aviation

% Dusit Thani PLC Management Discussion and Analysis For 1Q19 P a g e | 2 In 1Q19, the Company has entered into hotel management agreements to manage 2 additional hotels namely Dusit Thani Mactan Cebu