12th May 2020 Subject: Management Discussion and Analysis for the three-month period ending 31st March 2020. Attention: President Stock Exchange of Thailand Please find below the additional

unable to find sufficient evidence to justify the management's decision to execute transactions for investment in two associate companies. In addition, the auditor could not reach a conclusion for the

operators have different in sizes, target audience, and number of clients. Therefore, it depends on the business operators to find the most appropriate method to perform e-KYC as long as they follow the

to further develop the capital market, find solutions to the problems so as to improve efficiency, and put in place investor protection mechanisms for investors’ confidence,” said Mr. Thawatchai

market share at 65.4% fell 12.8% YoY to THB 17,226mn and Traditional media (Newspaper, Magazines and Radio) with a 13.8% market share, declined by 22.7% YoY to THB 3,629mn. Out-of-Home media (OOH), which

the year 2017 with net profit of 30.02 million baht or 4.88% of total revenues. The profit decreased by 11.90 million baht or 2.42 baht per share, mainly due to the continuous appreciation of the Thai

subsidiary, please kindly find the following attachment. Please kindly be informed accordingly. Yours faithfully, Mr. Geza Emil Perlaki Managing Director For period ended 31 March 2020 MANAGEMENT DISCUSSION

subsidiary, please kindly find the following attachment. Please kindly be informed accordingly. Yours faithfully, Mr. Geza Emil Perlaki Managing Director For period ended 31 December 2019 MANAGEMENT DISCUSSION

Administrative expenses, impairment finance costs and share of loss from associates 57.53 777.43 37.52 78.22 Doubtful Account 86.50 1,168.92 - - Loss on impairment of goodwill 51.20 691.89 - - Management benefit

statement for the year 2018, attached please find the Management Discussion and Analysis (MD&A) of the year 2018. This report should be considered in conjunction with the submitted financial statements in