outbound travel was continued and it extremely affected the shrinkage of tourism sector. Furthermore, the impact of export sector caused by the weak demand of the trade partner countries and it continuously

Discussion and Analysis For 2Q20 and 6M20 P a g e | 9 2020 Outlook The COVID 19 epidemic has severely affected the global tourism industry. The announcement on travel restrictions and closures of airports and

standard of the state. The group also seeks the assurance from the government agency and has already received the Amazing Thailand Safety & Healthy Administration (SHA) standard from the Tourism Authority of

areas with a high risk of COVID-19 transmission and limiting travel. Moreover, the government has introduced various stimulus measures and programs to boost spending, such as Co-Pay, the ‘Let’s Travel

million or 100%. Due to revenue from selling of products through digital TV channel and online of indirect subsidiary increased.  Revenue from tourism business increased by 13.27 million or 100%. Due to

Company. 2. Acquisition of 67,106 ordinary shares in Hero Experience from Travel Channel Agency Co., Ltd. (the “Travel Channel Agency”), equivalent to 2.5 percent of the registered capital of Hero

District, Bangkok, 10110 Tel. 0 2204 2601 Fax. 0 2204 2616 2. Acquisition of 67,106 ordinary shares in Hero Experience from Travel Channel Agency Co., Ltd., equivalent to 2.5 percent of the registered

2. Related Parties and Relationship with the Company MBK Hotels and Tourism Company Limited (“MBK-HT”) An indirect subsidiary with MBK Public Company Limited (“MBK”), with 99.99% 3. Details of the

:  Revenue from sale of goods increased of Baht 193.71 million by 100%. Due to revenue from sale of goods through digital TV channel and online of indirect subsidiary increased.  Revenue from tourism business

last year.  Revenue from sale of goods and tourism business increased by 100% mainly increased due to sale products business through digital TV channel and online and tourism business of indirect