operating revenue of airline business declined by 6.9 percent from highly intense competition which caused the average fare to drop by 5.8 percent. The average passenger load factor was 68.1 percent. The

1 MD&A 3Q 2017 (Ended 30 September 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2017 20 OCT 2017 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The popularity of outdoor media has

ายอันเก่ียวเนื่องกับการลงทุนในตางประเทศ (Transaction Fee) 71.91 0.01 คาใชจายอื่น ๆ **(Other Expense**) 53.22 0.008 รวมคาใชจายทั้งหมด * (Total*) 3,890.57 0.66 คาใชจายในการซื้อขายหลักทรัพย

ทะเบียน (Share Registrar Fee) 449.35 0.08 คาที่ปรึกษาการลงทุน (Advisory Fee) - - คาใชจายในการจัดใหมีผูประกัน (Insurer Fee) - - คาใชจายเกี่ยวกับรายการลงทุนในตราสาร (Transaction Fee) 83.07 0.01 คาใช

exposure is acceptable or not. The Client should also consider a potential of return on acquiring a position, amount of premium and transaction fees and possible losses. 3.2 Fees on Derivatives Trading Prior

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2017 MD&A FY 2017 (ended 31 December 2017) 12 FEB 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Thailand’s economic recovery remained on track and

operations and the subsidiary (AIL) is in the process of liquidation and its business is closed. Gross Profit (Loss) The Company has a gross profit from sales of goods and services in the 1st quarter of 2021

Limited (“AIL”) had already registered its dissolution with the Department of Business Development Ministry of Commerce on July 7, 2021 and currently in its liquidation process. Gross Profit (Loss) ท่ีตั้ง

business acquisition 2.2 - - - N.A.(

Department of Business Development Ministry of Commerce on July 7, 2021 and currently in its liquidation process. Gross Profit (Loss) The Company has a gross profit from sales of goods and services in the 3rd