”), an Outdoor media company with 113 large-format static billboards and 7 digital billboards covering 23 provinces of Thailand.  MACO started the process towards digitisation by replacing static

) and the Company (25 percent). The project is located in Attapeu and Champasak Provinces in Lao PDR. Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page

hemodialysis Center in Bangkok and two hemodialysis Center in northeastern provinces, where patients are continuously increasing. Now, the company continue to focus on expanding hemodialysis Center. Medical

contain the spread of COVID-19 in late January on Wuhan and expand to other provinces afterwards along with the severity of the pandemic around the globe since late March played a significant role in

in various shopping centers both in Bangkok and other provinces with high purchasing power such as Rayong, Khon Kaen, and Pitsanulok Province, as the Company realizes that the temporary pop- up stores

the increase in average number of pop-up stores when compared to the same period last year, across both Bangkok and other provinces. • Revenue from Dessert Café in 9M/2021 was THB 358 million, decreased

Q3/2021 across Bangkok and other provinces. • Revenue from Franchising in 2021 was THB 10 million, increased by THB 7 million or 233% from 2020 due to the increase in initial franchise fees and royalty

branch, Suvarnabhumi Airport branch, Central Phitsanulok branch and Central Khon Kaen branch. In 2023, the Company aims to expand 5 branches of Dessert café in both Bangkok and other provinces. Expanding

raise Advice brand awareness in various provinces across Thailand. Apart from marketing expenses, employee expenses also decreased by THB 16.00 million, caused by the company's decision to reduce accrued

various provinces across Thailand. Apart from marketing expenses, employee expenses also decreased by THB 19.24 million, caused by the company's decision to reduce accrued bonus this year, compared to 1