MANAGEMENT DISCUSSION & ANALYSIS 2Q 2020/21 ENDED 30 SEPTEMBER 2020 09 NOV 2020 MASTER AD PUBLIC COMPANY LIMITED 1 13 May 2019 QUARTERLY BUSINESS HIGHLIGHTS – 2Q 2020/21 MACO’s performance was

February 18, 2020 Re: Management Discussion and Analysis for full year 2019 To: Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated

November 13, 2019 Re : Management Discussion and Analysis for Q3/2019 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated

Microsoft Word - UPF61MD&A-E.doc ( Translation ) 25th February 2019 Subject: Management Discussion and Analysis (MD&A) for the year ends on 31st December 2018 To: Managing Director of the Stock

15. 03% and 15. 18% . Cost of sales can be broken down for turnkey business and for supply and maintenance of which mostly are materials, service / sub-contractors and project management costs. Cost of

No. IIG 001/2020 31 July 2020 Subject: Management discussion and analysis for the first quarter of 2020 Attn: Governors and President Market for Alternative Investment (mai) I&I Group Public Company

% 1,631 1,974 4 MD&A 3Q 2017 (Ended 30 September 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2017 20 OCT 2017 Trade and other receivables were THB 295mn, an increase of THB 18mn or 6.7% from THB

73 1 / 4 Ref. MD 016/2018 10th May 2018. Subj Management Discussion and Analysis (MD&A) Q1/2018 Dear Managing Director of Stock Exchange of Thailand We, Patum Rice Mill and Granary Public Company

(Translation) PRG.MD. 021/2019 February 26th, 2019 Subject: Management Discussion and Analysis (MD&A) of 2018 Attention: Managing Director of the Stock Exchange of Thailand We, Patum Rice Mill and

1 / 4 (Translation) PRG.MD. 040/2019 May 14th, 2019 Subject: Management Discussion and Analysis (MD&A) Q1/2019 Attention: Managing Director of the Stock Exchange of Thailand We, Patum Rice Mill and