based on The Stock Exchange of Thailand’s formula. - On 14 December 2017, the Company issued newly ordinary shares of 340mn shares as a result total share increased to 7,204mn shares as well as share

inflation in line with the world oil price (Source: The Bank of Thailand). The overall global aviation industry in the first 9 months of 2019, a growth in passenger traffic globally was supported by 4.5

- ร่าง - 1 Nov 9, 2018 Subject Management Discussion and Analysis for the period of three months and the period of 1st half ended 30th September 2018 To President of the Stock Exchange of Thailand

13 February 2020 Subject Management Discussion and Analysis for the three months ended March 31, 2020 To The President The Stock Exchange of Thailand Do Day Dream Public Company Limited (the “Company

still in downturn from the trade war between USA and China that continues to escalate as well as unclear situation of BREXIT. Thailand economy continues to slow down from the previous quarter, contributed

to listed companies with outstanding performance in investor relations activities organised by the Stock Exchange of Thailand (SET) and Money & Banking Magazine. MACO is one of the companies that

[COMPANY NAME] Ref.: EFORL IR007/2020 March 4, 2020 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2019 To President The Stock Exchange of Thailand 1. Overview financial

. Additionally, in September 2017 the Company has registered to the Stock Exchange of Thailand / Market for Alternative Investment for raising fund resulting in cash and cash equivalent in the proportion of 34.50

to attend the REIT unitholders’ meeting and information disclosed through the Stock Exchange of Thailand), specify the difference between actual operating result and the forecasted result; in the case

) higher finance costs due to higher borrowings as a result of additional investments in machinery, subsidiaries, and joint ventures both in Thailand and overseas.  EBITDA in Q2/2018 was Baht 43 million, a