Microsoft Word - MD&A Y2019 - THAI revised.doc 1 ASIA’S BOUTIQUE AIRLINE คาํอธ ิบายผลการดาํเนินงานและการวเิคราะห์ฐานะทางการเงนิ สําหรับผลประกอบการปี 2562 สิน้สดุวนัท่ี 31 ธนัวาคม 2562 ของบริษัท การ

Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference (UNOFFICIAL TRANSLATION) Readers should be aware that only the

Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference (UNOFFICIAL TRANSLATION) Readers should be aware that only the

Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference (UNOFFICIAL TRANSLATION) Readers should be aware that only the

Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference (UNOFFICIAL TRANSLATION) Readers should be aware that only the

Company Limited --> MTC 3. Character of Transaction : KYE entered into the Thai Baht Pooling Service Agreement with MTC Whereby MTC : Agree to provide management service relating to Thai Baht current

Thai Baht currency value of the transaction on the date of entry into the transaction or on each agreed payment instalment date of the agreement may be subject to change and may increase or decrease

Company Limited --> MTC 3. Character of Transaction : KYE entered into the Thai Baht Pooling Service Agreement with MTC Whereby MTC : Agree to provide management service relating to Thai Baht current

Company Limited --> MTC 3. Character of Transaction : KYE entered into the Thai Baht Pooling Service Agreement with MTC Whereby MTC : Agree to provide management service relating to Thai Baht current

business of Kitchen Plus restaurant and Baan Krua Thai restaurant (the “Asset Acquisition Agreement”). Following the execution of such Assets Sale and Purchase Agreement, Buyer will be the business owner of