Microsoft Word - Clarification of Change 20%_Q2'20 Clarification on Percentage of Change More Than 20% The consolidated financial statements of Nation International Edutainment Public Company Limited

 Q218 due to higher employee expenses from increased employee benefits provision. Due to a change in the law, employee retirement benefits provision has increased (one time adjustment) by Bht 31.6m in

provisions for employee benefits due to the change of severance payment policy following the amended Labor Protection Act. Analysis of Shareholders’ Equity As at 31 December 2019, the shareholders’ equity was

employee shall contact an employee as scheduled. A significant change, such as, acquirement of additional business license, merger and acquisition or change of used technology. To focus on protecting

Other Payables, Accrued Tax and Other Current Liabilities decreased by THB 126 million, THB 37 million and THB 39 million, respectively, following the settlement and change in provision of employee

comparing with same period last year (while the subsidiary’s expenses from the change of provision from employee benefit was at Baht 0.1 million.)  Administrative expenses For Nine Months 2019 period

. However, in Q2/2019, the company will have to recognize the interest expense and the advisory fee for the acquisition of GLOW, as well as recognizing the employee benefit expenses for the group. For 1H/2019

entered into commercial loan transaction during the period. Employee benefits rose by 234.0 million baht due to the new provision standard of employee benefits impacted from the change in Thai Labor Act on

from additional commercial loan from bank for four ATR72-600. Employee benefits rose by 293.6 million baht due to the new provision standard of employee benefits impacted from the change in Thai Labor

income and cost of sales resultin g in the operating income until the gross profit being reported differently from the previous periods Operating Highlights in Q3/2019 Q3/18 Q2/192 Q3/19 Change +/(-) 9M/18