use as working capital in business operations, expand markets and expand businesses by leaps and bounds. "The capital market is considered a source of long-term funding, creates a good image

rates and a shift to reduction of its massive balance sheet through quantitative tightening (QT), wherein reinvestment in new securities with proceeds from maturing US Treasuries and mortgage-backed

with these changes in order to move forward in a sustainable way. Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) Year Change 4/2019 3/2019 4/2018 3/2019 4/2018 2019

and service income – Cost of sales and services (does not include other income) Q2 2018 Q2 2017 YoY change YoY % change Unit: Million Thai Baht (THB) Sales and service income 292.69 231.08 61.61 27

increased over the past few years, benefiting from the shift in people’s behavior to spend more time outside as well as its strength as being a media that reaches consumers when they are on the go and

processes throughout the Company. 4. Financial Position of the Company and its Subsidiaries Unit : Million Baht 31/3/2020 31/12/2019 % change Cash and cash equivalents 100 119 (16%) Account receivables 828

% YoY. Nevertheless, Outdoor media - our focus segment- recorded THB 1,525mn in advertising expenditure, an increase of 3.8% QoQ and 11.0% YoY, benefiting from a shift in people’s behavior to spend more

as disastrous results of creative accounting practices employed by listed companies in foreign countries (ex. Enron and Worldcom) led to an overhaul in auditor supervision where we witnessed a shift

multiple assets and shift to safe- haven liquid assets, especially the US Dollar, which strengthened at the end of the quarter. Overall, the Thai Baht weakened against the greenback compared to the previous

distribution 234 351 118 50.4 749 957 208 27.8 Others 23 18 (5) (21.8) 38 43 5 14.3 Total 3,627 3,862 235 6.5 10,582 10,976 394 3.7 For the 3-month period ended Change For the 9-month period ended Change