disturbed by sharp decline in Chinese tourists, turned off by series of unfortunate events. The Chinese tourists are one of a key customer of the company. Consequently, domestic sales experienced a 1 6.69

due to the decrease in Chinese tourists, there was impact from closed partial hotel’s area for renovation Ibis Styles Chiangmai Hotel in the third quarter of 2019 and the smoke pollution crisis in

16.50% compared to the revenue of 2018, mainly due to the decrease in Chinese tourists, there was impact from closed partial hotel’s area for renovation Ibis Styles Chiangmai Hotel in the third quarter of

achieve the target especially in second half of the year due to the decline of Chinese tourists and economic slowdown in several countries especially in Europe which negatively affect spending power of

% due to revenue from sales of tickets and transportation services were decreased of Baht 27.72 million and 13.82 million, respectively from decrease in number of tourists of the subsidiary. million

Thaieconomywould expand 4.1% in 2018. Key growth drivers included growth in export value 7% YoY andgrowth in number of foreign tourists 6.2% YoY, or expecting 37.6mn tourists this year. The domestic consumption is

1.5% due to revenue from sales of tickets was increased of Baht 7.18 million from increase in number of tourists and selling price. million % Sales of tickets 280.12 272.94 7.18 2.6 Sales of food and

-0.7% resulted from decrease in number of tourists of the subsidiary. million % Sales of tickets 341.97 336.23 5.74 1.7 Sales of food and beverages 106.34 111.83 (5.49) (4.9) Other revenue from

has had a positive impact on the export sector, and also by an increase in the number of tourists. As a result, the purchasing power of consumers in these areas has increased, especially in greater

%) Less intercompany balance (0.2) (0.2) - - Revenue from sales 498 463 35 8% • As a results of downturn in economics condition and lower in tourists, sales revenue of Restaurant and Food Centre reduce. 2.2