Microsoft Word - 2020.07.15_3M 2020_MACO_MDA_EN_Final - Auditor edit MANAGEMENT DISCUSSION & ANALYSIS FOR THE 3-MONTH ENDED MARCH 2020 (3M 2020) 15 JUL 2020 MASTER AD PUBLIC COMPANY LIMITED 1

according to its plan. Focus on Continuous Branch Expansion of Dessert Café According to Plan The Company plans to open additional branches totaling 10-12 branches by 2024. In Q1/2024, the Company expanded 1

, the Digital Economy, Thailand 4.0 policy, Digital Development Plan for Economics and Society and the bidding of frequency 900 MHz and 1800 MHz. This shall enhance the development of telecommunication

(No. 2) B.E. 2542 (1999) and Section 15, Section 18, Section 23(3) and (5) and Paragraph 1 of Section 24 of the Derivatives Act B.E. 2546 (2003), the Capital Market Supervisory Board hereby issues the

Microsoft Word - Final_Eng_MD&A Q1'18.docx (Translation) May 15, 2018 Ref: SET-2018-012 Re: Management Discussion and Analysis for Quarter 1’ 2018 Attn. to: President The Stock Exchange of Thailand

Management Discussion and Analysis Q1/2018 Page 1/4 JAS Asset Public Company Limited - Translation - IR61/006 10 May 2018 Subject: Management Discussion and Analysis, 1st Quarter Ending 31 March 2018

Microsoft Word - MD_A_Q4_2019_EN 1 GLOCON.009/2020 February 25th, 2020 Subject Management’s analysis for the year 2019 Attn. The President The Stock Exchange of Thailand Management’s analysis

follow; 1. Revenue from sale , Other income The company had sale revenue for year ended December 31, 2019 at 406.64 million baht, compare with the same period of previous year with amount of 389.37 million

“Company”) Board of Meeting No.1/2018 on 22 February 2017, the resolution to certify the Company’s financial statements and performance for the yearly ending 31 December 2017 which has already been audited

: Management Discussion and Analysis for Yearly Ending 2017 (Edited) To: President The Stock Exchange of Thailand Pursuant to JAS Asset Public Company Limited (the “Company”) Board of Meeting No.1/2018 on 22