first half of 2019. On the costs side SG&A has again shown further improvement and versus 2017 overall dropped 1% as a percentage of revenue as the synergies of integrating Saraburi Quicklime impact

the Vietnam market – the fastest growing country in Southeast Asia. Within the domestic market, MACO has strengthen its media portfolio by integrating media operations in Thailand with Plan B Media

2016 due to the government has realized the importance and necessity in integrating the information technology to the economic and social sectors by placing certain policies as a stimulus; for instance

growth, OOH and digital/online media, MACO has strengthen our media portfolio through 1) nationwide network expansion, 2) digitizing our media assets, and 3) integrating media inventory with Online

- month 2017/18 performance reflects the results of our focus on integrating the OOH and Online sectors, having recorded solid growth of 28.4% YoY to THB 2,808mn. Adjusted net profit grew by 19.8% YoY to

main business of furniture production as the upstream business, integrating the overall business and drive the capability, profit and the Company’s sustainable growth in the long term. Page 9 11. Opinion

Baht 1,456.31 million is reasonable, as it can support the Company’s main business of furniture production as the upstream business, integrating the overall business and drive the capability, profit and

internationally, we are committed to integrating economic and social value through sustainability-focused management. AEON Thana Sinsap (Thailand) Public Company Limited, a local subsidiary of AEON Financial

-month period of the Company ended 30 September 2019. Moreover, when combining the said six transactions, the total transaction value is therefore equal to 21.56 percent based on the total value of

transaction value, combining with Transaction (1) – (6) and the transaction of disposal of the preference shares in One Thonglor above is equivalent to 24.86 percent. The transaction value is higher than 15