’ environment. CPN successfully maintain an effective capital structure and flexible financing cost structure, as well as prepare adequate funding to support the investment plan and lower the financing cost at

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2017 MD&A FY 2017 (ended 31 December 2017) 12 FEB 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Thailand’s economic recovery remained on track and

2017/18 (ended 31 December 2017) 7 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2017/18 12 FEB 2018 MANAGEMENT OUTLOOK Thailand’s economic recovery remained on track and is poised to continue

recovery. Accordingly, the Corporate Group has already prepared product inventory in order to deliver to the modern retail building material stores. Nonetheless, the recovery of project housing customer

1Q22 MD&A Advanced Info Service Plc. Executive Summary Prolonged economic impact from Omicron outbreak and rising inflation in 1Q22 In 1Q22, Thailand’s economic recovery was challenged as private

products that received good response from customers, such as Marian Plum. Number of foreign tourists traveling to Thailand (people) Source : Ministry of tourism and sports The Recovery of the Tourism

spending power and being the main group of tourists coming to Thailand to help the recovery the tourism sector, which is an important factor of the Thai economy. 39.9 6.7 0.4 11.2 27.1 36.6 2562 2563 2564

showed a slow recovery reflecting a mixed trend in the indicators. On one side, a strong growth driver came from increasing tourist arrivals and lower inflation rates attributed to government subsidies

กระจกภำคสมัครใจตำมมำตรฐำนของประเทศไทย (Thailand Voluntary Emission Reduction Program: T-VER) จากศูนย์ผลิตสาธารณูปการแห่งท่ี 4 เฟส 1 3. รำงวัลกิจกรรมสนับสนุนกำรลดก๊ำซเรือนกระจก (Low Emission Support

Group”), MACO can fully leverage Trans.Ad Group’s capabilities to support changing media consumption behaviour and facilitate digitalisation of our media. Moreover, we continue to invest our resources in