operating results in the Quarter ’. Thai’s economy has trend to growing lower continuously, Especially Service & Travel business which loss a lot of travellers in this year from Coronavirus disease (COVID-19

and esthetics. 2. Overview of operating results for Quarter 1’ 2020. Thai’s economy has trend to growing lower continuously, Especially Service & Travel business which loss a lot of travellers in this

enforcement of strict measures, for instance, operational lock-down, state quarantines and travel restrictions in Thailand, Malaysia and Indonesia. Consequently, most of business activities were temporarily

the Covid-19 facility, resulting in reduced travel expenses. And administrative expenses for the first half of the year 2020 was 114.85 million baht, decreased from the same period of the previous year

from the same period of the previous year (Quarter 3 of 2019: THB 20.61 million). Administrative expenses mainly include salary, employee and management benefits, office rental, travel expenses, and

-19 pandemic, which resulted in more lockdowns and travel restrictions in several countries including Thailand, Malaysia and Indonesia – the Company’s major markets. In Thailand, despite the success in

of foreign tourists continued to increase due to the relaxing of outbreak control measures and international travel restrictions. As the result, the commerce and service sectors recovered and the

demand side, methyl ester domestic demand in 4Q2018 improved to 368,000 tons, rose by 58,000 tons or 19% from 3Q2018, mainly due to high demand of biodiesel during travel season and transportation of

' equity 5,552 57.6% 5,354 59.3% 3.7% Dusit Thani PCL Management Discussion and Analysis For 3Q17 and 9M17 P a g e | 6 Outlook The last quarter is normally the high season for tourism industry. The tourism

continued to grow and signaled future investment. Tourism–related businesses expanded thanks to a growing number of Chinese tourists. On the other hand, expansion of real estate and construction businesses