: Possibility of delisted and rehabilitation companies due to financial instability and going-concern issue. Horizontal Analysis 0 2 4 6 8 10 12 2012 2013 2014 2015 2016 BSIZE ACSIZE 0% 10% 20% 30% 40% 50% 2012

economic slowdown resulting in declining export and plunging tourists’ spending especially Chinese tourists. The instability in Thailand politic and election in March 2019 slowed public investment. High

of Thailand Public Company Limited (AOT) reversed of accrued concession fee to Bangkok Air Catering Company Limited (BAC) and Worldwide Flight Services Bangkok Air Ground Handling Company Limited (BFS

International Airport with 5 years of concession. The subsidiary was established by the condition of Airport of Thailand PCL. (AOT)’s term of reference with registered capital of 20.0 million baht (June 2019) 2

. .............................................................................................. ชือ่กองทนุ รายชือ่ บคุคลที่ เกี่ยวข้อง ซื้อ ขาย กอง B - 12/09/2005 AOT SET50 หุน้ บมจ.การท่าฯ ... ... 56 52 56 4% กอง C - 12/09/2005 AOT SET50 หุน้ บมจ.การท่าฯ ... ... 56 52 56 10% กอง E dealer 1 15/09

help offset declining tourists from China. Amidst political instability and the expected Presidential and Parliamentary election in 2018 and 2019 respectively, the Company is confident in its ability to

temporarily. For private investments, that decreased from the same period of last year in all sectors from instability of the economy, except for ongoing projects of improvement, maintenance and automation

ecosystem. This instability compromises the ability of humankind and nature to flourish in harmony. This challenge requires leading companies and brands like CHANEL to find a new way forward. The relationship

Thailand Public Company Limited (AOT). Media on planes 1 The Bank of Thailand 2 2016 Nok Air Annual report The first quarter of 2017/18 (ended 30 June 2017) 2 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION

structural change in the business outlook of PET, and is an oppor- tunity for well-managed and committed PET producers like IVL to align supply reliability to customers. We benefitted from the instability