rendering of services and cost of sales and rendering of services (excluding fuel costs). In addition, the Company recorded the profit from Fareast Renewable Development Pte Ltd, acquired in December 2018 and
commonly-accepted academic principal or the international standard as prescribed by the Association of Investment Management Companies (2) Duty of Care The management company should observe the duty of care
commonly-accepted academic principal or the Page 3 of 32 (Unofficial Translation) international standard as prescribed by the Association of Investment Management Companies (2) Duty of Care The management
money and volume of transaction relating to the act, etc.; (3) the persons who have benefited from the act; (4) the nature of involvement of an individual in the act, such as being a principal, an
decreased by 8.0% because the large projects that the company has acquired have higher gross margins than those of 2019. Other income increased by 36.4%. This is because the Company received rebate promotion
had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However, the genuine gross margin in the first quarter of 2018 was at 49.2
with digital screens. Currently, MACO has a total of 35 digital screens covering 32 provinces under management. June • Acquired an additional 30% in Multi Sign Company Limited (“Multi Sign”) with a total
acquired in 2016 and 2017. In 2018, the revenues from renewable energy are starting to contribute a significant portion of the profits. Padaeng Industry Public Company Limited and its subsidiaries (“the
, 36 MW solar farms in Thailand have been acquired in 2016 and 2017. The revenues from renewable energy are starting to contribute a significant portion of the profits since 2018 onwards. Subsequently
acquired since December 15, 2015 had income from operations from the acquisition date to December 31, 2016 in amount of Baht 494.63 million. Other income of the Company and its subsidiaries in 2016 was in