million shift was mainly due to new expenses from new head quarter, more staff hiring in headquarter to serve expansion and new business plan and asset write-off. The percentage of Admin. / sales from 15

. 2018 The Admin. in 9-month/ 2018 was THB 106.6 million and THB 75.45 million in 9-month/ 2017. The THB 31.15 million shift was mainly due to Don Muang closure expense in June resulting in THB 4.24

closure of non- performing stores and a shift to delivery service. Other business units Unit: Million Baht Q1/2020 Q1/2019 %YoY Q4/2019 %QoQ Revenue from other businesses 9.22 8.84 4% 10.14 (9%) EBITDA

1 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 MEDIA INDUSTRY In recent years, advertising industry has witnessed the shift in the media

” ) according to the resolution approving the entry into the transaction of the board of directors of BCPG. The details of the Information Memorandum regarding the acquisition of shares in Nam San 3A and Nam San

purchasers pursuant to the resolution approved in the Meeting. The Company’s Board of Directors (excluding interested director) has considered that the entry into the disposition of Planet’s ordinary shares

Company’s business potential in the long term. The Board of Directors accordingly passed a unanimous resolution to approve the entry into this transaction. 10. Opinion of the Director and/or the Audit

Disposal of Assets, dated 29 October 2004. In addition, during the past six months, the Company did not have any other acquisition transactions of other assets before the date of entry into this transaction

after computing of the foregoing with the Company’s other connected transactions within the past 6 months including the entry into an Right to Sell Advertising Media Agreement between the Company and

of the foregoing with the Company’s other connected transactions within the past 6 months including the entry into an Right to Sell Advertising Media Agreement between the Company and PLANB, which will