Translation CEN 001-2020 March 2, 2020 Subject Management Discussion and Analysis for business operation of year 2019 To The Manager and President The Stock Exchange of Thailand Business operation as
of the company The purchase of WICE SG's ordinary shares in Portion 2 is as follows: WICE and WICE SG shareholders have agreed that WICE can exercise the right to purchase WICE SG shares. The remaining
expected to enhance MACO’s media management’s capabilities under our digitalisation strategy both in Thailand and overseas. Moreover, MACO has acquired the remaining shares of Multi Sign, taking our stake to
in the related fields, and is currently holding the position of President of MDP. These investors are not a related person of HTECH Type of Business of MDP MDP manufactures, distributes, and provides
Baht 2.01 million and expect to be complete and recognize the remaining amount as revenue in fourth quarter of 2019. In business segment Industrial and OEM (B1) continue marketing strategies that focus
its content acquisition to support the growth of the business since 2017 and the fact that the Thai Baht value appreciated against US Dollar, the Company had loss on exchange rate, resulting in a
source of the Company’s revenue. Despite such impediments, the Company recognized the growth potential from the followings: 1) Increased revenue and profit from new business investment which are: “Elite