its subsidiaries recorded ending cash of Baht 100 million, a decline from Baht 116 million in Q1/2019, with details as follows:  Net cash received from operating activities of Baht 4 6 million

activities Ending cash (30 September 2020) (THB mn) *Included translation adjustment of THB 14mn MANAGEMENT DISCUSSION & ANALYSIS 2Q 2020/21 ENDED 30 SEPTEMBER 2020 09 NOV 2020 MASTER AD PUBLIC COMPANY LIMITED

Limited Ref: IR61/012 14 May 2018 Subject: Management Discussion and Analysis Quarter 1/2018 Ending 31 Mar 2018 To: President The Stock Exchange of Thailand Overview and factors affecting the future

Limited Ref: IR61/012 11 May 2018 Subject: Management Discussion and Analysis Quarter 1/2018 Ending 31 Mar 2018 To: President The Stock Exchange of Thailand Overview and factors affecting the future

at /of ……. Baht and the occupancy rate at …….% which is the estimation for the period of …… year(s) ending …..(date)….. and not guaranteed”; (8) the information under (5) and the statement under (7

’ offering price at /of ……. Baht and the occupancy rate at …….% which is the estimation for the period of …… year(s) ending …..(date)….. and not guaranteed”; (8) the information under (5) and the statement

year and 7% from the previous quarter due to the ending of moratorium program for customers impacted by Covid-19 since December 2021. The default receivables in credit risk (Stage 3) ratio stood at 5.9

the year in which export branded sales excluding LQSF grew up, after dropping in the first three quarters.  Export CMG sales decreased c.45% YoY, since there was some customer ending the distribution

, ending 30 June 2017 Source: World Steel Association The world steel production capacity utilization ratio of the 67 countries in June 2017 was 73%, increased by 1.4% compared to the same period of previous

U.S. dollar-denominated borrowings from an unrealized gain of Baht 500 million for 9M’2016 to Baht 898 million for 9M’2017 due to the appreciation of the Baht against the U.S. dollar at the ending of