- ร่าง - 1 August 14, 2018 Subject Management Discussion and Analysis for the period of three months ended 30th June 2018 To President of the Stock Exchange of Thailand Secretary of the Office of

financial ratios. In the case of the Company in an industry with specific ratios such as an average occupancy ratio (in case of hotel business), such ratios must be presented additionally. Information Quarter

worsen globally in March. Travel restrictions and Visa-ban policy were launched to control the pandemic. As a result, for aviation industry in the first quarter in 2020, global RPK plunged 22.2 percent

of Governors of the Stock Exchange of Thailand Reference is made to the resolutions of the Board of Directors’ Meeting No. 6/2018 of Master Ad Public Company Limited (the “Company”), held on May 17

Industry and Competition 2 1.3 Regulatory Changes 2 2. Risk Management and Risk Factors 6 2.1 Credit Risk Management 6 2.2 Market Risk Management 6 2.3 Liquidity Risk Management 7 2.4 Other Risks Management

and Exchange; “Stock Exchange” means the Stock Exchange of Thailand according to the Law on Securities and Exchange; “beneficial owner of derivatives traded by a client” means: (1) an owner or co-owner

(Additional) To President The Stock Exchange of Thailand Enclosure 1. Information Memorandum on the Asset Acquisition (Addendum 1) regarding acquisition of shares of S-TREK (Thailand) Co., Ltd. in the

expanded more than year 2016. In addition, the expansion of automotive industry and tourism sector were said to be another two significant factors that stimulated Thai economic growth for this quarter. The

the private placement basis, and the schedule for 2019 Annual General Meeting of Shareholders To: President The Stock Exchange of Thailand Reference: Notification of East Coast Furnitech Public Company

., Ltd. To: President The Stock Exchange of Thailand Enclosure: Information Memorandum regarding the Acquisition of Asset of Demeter Corporation Public Company Limited The Meeting of the Board of Directors