7.69  18.18  Dividend Yield (%) 2.22  2.61  4.12  Payout Ratio 0.46  0.50  0.45  Dividend Policy Twice a year at the rate of not less than 40% of net profit after tax deduction, the allocation to

increase of registered capital, the issuance and the allocation of the newly-issued shares to specific persons (Private Placement) and the convening of the Extraordinary General Meeting of Shareholders No. 1

Tender Offer for all Securities in Thai British Security Printing Public Company Limited, Increase of the Registered Capital, Allocation of the Newly Issued Ordinary Shares to the Company’s Existing

budget allocation from conventional media such as TV, Newspaper, Magazine and Radio to other potential sectors to capture this ever changing lifestyle. Hence, it is expected that expenditure on TV sector

DCON PRODUCTS PUBLIC Co.,Ltd. and Subsidiaries Company Management’s Discussion and Analysis (MD&A) For the Year 2019 1. Revenue,Gross Profit & Net Profit Unit :M.Bht Year 2019 Year 2018 Year 2017 1

profit margin was slightly brought down by 0.9% of gross profit margin due to turnaround costs and the rise of main raw material prices from tight supply plus greater crude oil prices. 2. In Q2 2018

Net Income, the net profit attribute to the company that excludes the “fair value of intangible asset from the acquisition of GLOW”, the assessment of the fair value of net assets and allocation of

(Thailand) Co., Ltd., the investment in the ordinary shares of S-TREK (Thailand) Co., Ltd., capital increase, and the issuance and allocation of the newly issued ordinary shares to the specific person under

Memorandum concerning the Connected Transaction of the Offering and Allocation of the Newly Issued Shares of Hydrotek Public Company Limited Following Hydrotek Public Company Limited (the “Company”)’s Board of

behavior shifts OOH and online, so too will advertiser spending allocation. Hence, it is expected that advertising expenditures in the TV sector and traditional media to continue to decline and be surpassed