Microsoft Word - ACE MDA Q420 - ENG Final 1 No. ACE-ACC-1/2021 25 February 2021 Subject Management Discussion and Analysis for the year ended 31 December 2020 To President The Stock Exchange of
of Governors of the Stock Exchange of Thailand Reference is made to the resolutions of the Board of Directors’ Meeting No. 6/2018 of Master Ad Public Company Limited (the “Company”), held on May 17
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products such as steel, which is the main raw material in steel. In 2019, the steel price remained fluctuation, uncertain. Therefore, the Company has planned stock procurement to manage the changing of steel
Government Organization and State Enterprise under the relevant incorporating law, including state-owned business enterprise which is not a juristic person; (7)3 repealed. (8) “Stock Exchange” means the Stock
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