increase of 36.5% YoY. The strong performance was mainly driven by newly acquired businesses Master Ad Public Company Limited (“MACO”) and Rabbit Group (operating Digital Services business), which together

strong organic growth, price increases, especially in our static media network as well as higher demand for new campaign media. The integration of the digital services business is continuing to progress

rise in revenue growth is attributable to strong organic growth, price increases of static media, as well as the increasingly popular roll-out of ‘station sponsorship’ campaigns. During 3Q 2017/18, 9

was appreciated from 35.9 THB/USD at the beginning of 2017 to 32.5 THB/USD at the end of the year or 10% appreciation. Nevertheless, GGC’s financial position for the year ended 2017 remains strong, with

uplift on unlimited data plan.  Fixed broadband revenue was Bt1,785mn, increasing +21%YoY and +6.1%QoQ due to strong subscriber growth offsetting by lower ARPU due to low price offering in the market to

financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 3 10% 90% 1Q2019 41% 59% 1Q2018 444 8

times and Debt service coverage ratio (DSCR) remained strong at 2.29 times.

venture with Sansiri, experiences an impact from the new LTV policy and the market uncertainty due to the trade war. The pace of release of newly launched projects are expected to be slow. Sansiri's strong

Company Limited (“MACO”) Transit media revenue increased by 21.3% YoY to THB 2,262mn. The sharp rise in revenue growth is attributable to strong organic growth, price increases of static and digital media

investor on a private placement basis and has a strong financial status. Therefore, this capital increase will help to support the Company’s financial liquidity, capital structure, potential for generating