, Chiang Rai with the agreed value not exceeding of Baht 305 million. Transaction size of acquisition asset base on the total value of consideration criteria is 13.03 percent of total assets of the Company

Post Shareholding Structure MALAYSIA – LAYING THE FOUNDATION FOR GROWTH IN MALAYSIAN MARKET  In 3Q 2019, MACO, through VGI Global Media (Malaysia) Sdn. Bhd. (“VGM”) successfully acquired additional 40.0

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commercial building with a total space for rent of circa 54,000 sqm, started piling foundation with an estimated 3-year construction period. The building is developed on a 30-year leasehold 7-rai plot on

shareholders’ equity. (4) Low cost source of funds on loan from financial institution upon the Company’s capital base is adequate for loan support due to interest rate is lower than expected investment return

gross profit margin and long-term shareholders’ equity. (4) Low cost source of funds on loan from financial institution upon the Company’s capital base is adequate for loan support due to interest rate is

control to increase gross profit margin and long-term shareholders’ equity. (4) Low cost source of funds on loan from financial institution upon the Company’s capital base is adequate for loan support due

help expand the customer base and create ecological system. FSMART will have a complete database to contribute more valuable things in the future.

baht or 1% y-y but increased 1% q-q. However, the Company has focused on customer base expansion by increasing credit card benefits. For example, “AEON Gift 2020” campaign, AEON credit cardholders

stagnated for 85% since the end of last year. Nevertheless, the Company’s business expansion to the Philippines helps extend the customer base and diversify its revenue streams which mitigate the risk of