the operating result for the first quarter of 2020 In first quarter of 2020, the situation of global epidemic of Coronavirus disease 2019 (COVID-19) as well as the spread in Thailand, the government

Civil Aviation Authority of Thailand (CAAT) regarding to COVID-19 spread out situation. However, the company resumed domestic routes from Bangkok to Samui since 15 May 2020 and Bangkok to Chiang Mai

2020. These were all a consequence from lockdown regulations following the COVID-19. However, as the situation with Coronavirus has gotten better with the announcement of vaccine, figures of Quarter 4

400.34 % due to the financial situation that The appreciation during the 1st quarter of this year resulted in the company having more foreign exchange gain this year. Selling expenses of the company for

inflationary situation of the country's economy, causing the consumer purchasing power to decrease, together with the concerns of users about future inflation. As a result, users were more cautious in their

1 / 5 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the year at the end of 31 December 2018

part of the direction to resolve the grounds of possible delisting. Board of Directors and Auditing Committee’s opinion: Considering the current economic condition, Government land appraisal price

following quarter. Clause 5 To ensure that the model or method used in the stress test are appropriate to the current and possibly changing market condition, the securities clearing house shall access the

sale purchase agreement with Thanasiri Group in May 2018. The condition precedent as specified in the agreement- such as the board of directors’ and/or shareholders’ meeting of the Company has approved

new ordinary shares is a condition that financial institutions, the long-term loans from financial institutions will be part of the Group's financial restructuring plans to be more appropriate. The sale