, Thailand Equity fund Mixed fund Alternative investment fund Country concentration**Foreign investment asset class (TB) **Based on foreign direct investment (unit trust not included) Foreign investment of

Presently, the digital asset business operators are required to hold shareholders’ equity as a minimum capital requirement to assure their sufficient capital for continuous business operations

comprises Strategy and Planning Department, Research Department, Market Supervision Department, International Relations Center and Enterprise Risk Management Center. Assistant Secretary-General Duangmon

Return on fixed assets5 (%) 124.9% 65.7% Debt to equity (times) 0.0 0.4 Asset turnover 0.7 0.6 6 MD&A 3Q 2017 (Ended 30 September 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2017 20 OCT 2017

liabilities and shareholders’ equity 813.42 100.00% 864.16 100.00% 4 Management Discussion and Analysis for the period ended Q1/2021  Total assets As at 31 March 2021, the Company’ s total assets are amounting

the laws of Singapore, with 100 percent of its equity held indirectly by the Company ("Purchaser"). The Purchaser will invest in real estate project relating to hotels and resorts which comprises 6

expenses 197 193 4 2.1% Interest and Tax expenses 28 36 (8) -22.2% Share of profit from associate and JV 109 31 78 251.6% Net Profit attributable to equity holders 224 146 78 53.4% Total Revenues Total

Group”) for the net trade debt repayment of USD 123,899,729, or equivalent to THB 4,275,683,281.33, under the debt to equity conversion scheme where the conversion price will be fixed at THB 0.1961 per

stable QoQ. Return on Asset stood at 13.9% which increased from 2Q18. This resulted of efficiency in ARPU management and cost effective control. Return on Equity stood at 46.0%, increasing from 2Q18, due

the net trade debt repayment of USD 123,899,729, or equivalent to THB 4,275,683,281.33, under the debt to equity conversion scheme where the conversion price will be fixed at THB 0.1961 per share