financial instutions Long-term loans from financial institutions Others 4% 39% 30% 4% 7% 5% 3% 20% 9% 47% 12% 7% 16% 15% 0% Current portion of debenture 2% MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3/2019 F IN

proceed of long-term loan of THB 289 million Dusit Thani PLC Management Discussion and Analysis For 2Q20 and 6M20 P a g e | 7 Statement of Financial Position Unit: THB mn 30-Jun-20 % to total assets 31-Dec

Discussion and Analysis For the year 2017 To The President of the Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Results for the year 2017 For the year ended 31 December

10th May, 2018 Subject: Management Discussion and Analysis (MD&A) of the financial as at and for three months’ period ending 31st March, 2018 Attention: President The Stock Exchange of Thailand P.C.S

. DOD2019/004 February 20, 2019 Subject: Management’s discussion and analysis of the Company’s operating results for the year 2018 period To: President The Stock Exchange of Thailand DOD Biotech Public

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No. MVP003/2019 26 February 2019 Subject: Management Discussion and Analysis for the year ended 31 December 2018 To: President and Manager The Stock Exchange of Thailand M Vision Public Company

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Microsoft Word - 2020.02.11_FY 2019_MACO_MDA_EN_Final MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD PUBLIC COMPANY LIMITED 1 YEARLY BUSINESS HIGHLIGHTS – 2019  Consolidated revenue