down; Such Right Offering ratio is determined in such a way that the Company shall raise the total amount of the capital increase of THB 100,000,000 for its business operation through allocating newly

support the development of high-value-added industries – and the modernization of the country’s legal V3 22/02/61 10:09 น. 2 framework to provide greater convenience for doing business. Around mid-2017, the

the BOT for approval. In this regard, in accordance with Section 43 of the Financial Institutions Business Act B.E. 2551 (2008) (as amended), the Bank is also required to convene a shareholders’ meeting

previous 7 - 15 consecutive business days prior to the resolution of the Board of Directors’ Meeting proposing the Extraordinary General Meeting of Shareholders to approve the capital 4/8 เลขท่ี 1 อาคาร ทีพี

Business categories Operat ed by For the three-month period ended 30 June % Change Increase (Decrease) For the six-month period ended 30 June % Change Increase (Decrease) 2017 2016 2017 2016 THB mm % THB mm

1 MD&A 3Q 2017 (Ended 30 September 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2017 20 OCT 2017 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The popularity of outdoor media has

with the Company, the “Group”) which engages in distribution of bakery products and equipment. Analysis of Financial Performance Business categories Operated by For the three-month period ended 30

contingent upon a sustained business and economic environment BB+ BB BB- B+ B B- B C D Ba1 Ba2 Ba3 B1 B2 B3 NP BB+ BB BB- B+ B B- B C D High default risk - debtor’s capacity for meeting commitments may be

already registered the changes to the Department of Business Development, Ministry of Commerce on April 17, 2019. In this regard, the Company still uses the same stock symbol “RATCH”. Management Discussion

Generating Holding Public Company Limited to RATCH Group Public Company Limited. The Company has already registered the changes to the Department of Business Development, Ministry of Commerce on April 17, 2019