Airways Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the year ended 31 December 2018 Executive Summary The Thai economy in the last quarter in 2018 continued to grow

debentures with the Thai Bond Market Association or any other agencies as appropriate and in accordance with regulations specified in the relevant laws and notifications. (Translation) 11 The Executive Board

proceeds. Debenture Registration : The Company may register the debentures with the Thai Bond Market Association or any other agencies as appropriate and in accordance with regulations specified in the

have elaborated more that the Wattanapat Samui Hospital project with twenty nine licensed beds which will be located in the downtown, crowded of Thai and foreigner tourists, may causing the inadequate

. In 3Q18, the Thai economy extends its growth momentum following the GDP expansion by 4.6% in 2Q18. The growth is attributed to a number of factors, namely 1.) strong export growth despite a slight

TRANSLATED VERSION codified up to No.2 as of July 10, 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference

of the revision of revenue recognition according to TFRIC 12. • Shares of profit from Thai Solar Renewable Company Limited (TSR) increased by Baht 9 million from Q4/2017 due to higher sunlight

. Securities Code: TKT 2. Date of action resulting in reporting obligation: 29 October 2020 2.1 () Acquisition ( ) Disposition ( ) Through the Stock Exchange of Thailand via a securities company: Thai

. Securities Code: TKT 2. Date of action resulting in reporting obligation: 24 November 2020 2.1 () Acquisition ( ) Disposition ( ) Through the Stock Exchange of Thailand via a securities company: Thai

operations continuously. However, in preparing the financial statements in accordance with Thai Financial Reporting Standards, it is necessary for the Company to make judgments and estimates regarding matters