E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended March 31, 2018 In the first quarter of 2018, Thai economic growth gained

of Baht 88 million. However, the company gained dividend income from affiliates of Baht 696 million and net cash flow from other investing activities of Baht 72 million. • Net cash used in financing

agencies or related regulatory agencies as well as complete any a However, the Company would enter into the above transactions only upon approval of the shareholders meeting and the matter in Clause 2 to 3

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction

Club “Borussia Dortmund”. With Borussia Dortmund’s strong global brand presence, it will strengthen the Company’s brand image as well as make the airline better known across Asia and Europe. In addition

leading to the consideration that such requirements or conditions to be exempted are insignificant to the consideration of the application for approval in such particular case and the benefits to be gained

necessary for informed investment decision making. This is based on a proper understanding of the company’s strategic objectives, as well as the financial and non- financial risks and opportunities that may

segments, we focus on creating innovations and managing financial products, as well as reinforcing our sales and service quality excellence, with greater consideration of consumer protection in order to

support of investment and private spending as well as bolstering opportunities for other economic sectors. Nonetheless, protectionism triggered by the US-China trade dispute dealt a blow to global economic

increased by Baht 129 million or 19% because of the increase in selling price resulted from the increase in the Ft rate as well as the Weight factor in conjunction with the low cost of natural gas when