improvement in employee benefit according to Labor Protection Act No.7  Loss on impairment of asset of 149.44 Million Baht as increased this quarter due to loss from impairment of investment on assets in the

purchasing power of mid-to-low labor segment. Furthermore, the drought season also decreases incomes of agriculture workforces, and as a result, FSMART (or the “Company”)'s total usage amount decreased

significant increase in selling expenses were mainly due to usage of reservation system together with an additional cost related to employee’s retirement program according to the new Labor Protection Act

benefits in the current year. While there is a one-time provision of approximately Baht 7.7 million in the first quarter of 2019 in order to comply with the revised labor law newly implemented in 2019. 1.1

million baht for the nine- month period. A significant increase resulted from the new Labor Protection Act reflecting past cost related 19 ASIA’S BOUTIQUE AIRLINE to employee benefits in income statement

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sales and services of the Company increased from Baht 1,449.23 million to Baht 1,525.25 million, increased by Baht 76.02 million or 5.25% due to direct labor and production overhead increases. Selling and

including the impact that must result in a price adjustment and the adjustment of the selling price is quite difficult because this business group is highly competitive in the current economic situation

exchange rates and increased of labor costs  Sales Expenses Q1/2018, the Company and its subsidiaries have the expenses of 22 MB increased from Q1/2017 by 2 MB or 10.6 percent (20 MB in Q1/2017) mainly

shareholders’ meeting till to the completed process of newly issued shares registration 8 - Specialized business review & advisory fees 5 - Compensation under labor law 6 - Others 5 24  Financial costs The