its subsidiaries recorded ending cash of Baht 127 million, an increase from Baht 122 million at the end of 2018, with details as follows:  Net cash received from operating activities of Baht 118

Company and its subsidiaries recorded ending cash of Baht 127 million, an increase from Baht 122 million at the end of 2018, with details as follows:  Net cash received from operating activities of Baht

, the ending of projects together and lower global price of materials which all were resulting to the decreasing in the sales. Eventually, there were the impacts to the lower gross profit. The profit

ending month for the soil prepartation period thus, the Company placed less purchase orders for raw materials to oversea suppliers in this period. As of June 30, 2019 the Company and its subsidiary had a

of THB 44mn and dividends paid of THB 11mn. TWELVE-MONTH CASH FLOW SNAPSHOT 195 180 58 55 263 Beginning cash (31-Dec-17) CFO CFI CFF Ending cash (31-Mar-18) 6 MASTER AD PLC MANAGEMENT DISCUSSION

CASH FLOW SNAPSHOT 195 384 (338) 834 1,073 Beginning cash (31-Dec-17) CFO CFI CFF Ending cash (30-Sep-18) 8 MD&A 3Q 2018 (ended 30 September 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2018 6

) CFO CFI CFF Ending cash (30-Sep-19) *Included translation adjustment of THB 3mn (THB mn) MANAGEMENT DISCUSSION & ANALYSIS 3Q 2019 6 NOV 2019 MASTER AD PUBLIC COMPANY LIMITED 6 13 May 2019 KEY FINANCIAL

million or 0.6% increase from the end of 2018 (as of 31 December 2018) since the Company and its subsidiaries recorded net profit for the period of 9 months ending 30 September 2019 of Baht 2,179 million

financial statement of the Company ending 31 December 2019 Page 6 of 7 8. Rationale and benefits Best position to lead in the 5G technology cycle This spectrum acquisition marks an important execution for AIS

rate Ending 31 Mar 2020