0.38 0.04 11.76% Total Revenue For the nine-month period ended 30 September 2019, the Company and its subsidiaries earned a total revenue of THB 1,286.92 million, an increase of THB 228.07 million or 2

Thailand (EXAT) to compensate for the revenue which decreased from the estimation as a result of its impacts from the competing road. On October 2, 2018, the Council of Ministers then passed the resolution

ต้นทุนค่าเสื่อมราคาและค่าตัดจ าหน่าย Operating highlight in Q2/2018 Q2/17 Q1/18 Q2/18 Change +/(-) 1H/17 1H/18 Change +/(-) (THB million) QoQ YoY YoY Operating revenue 5,459 5,716 6,563 15% 20% 10,825

by The Mandarin Hotel Public Company Limited (“Mandarin”). This transaction is classified as the connected transaction with the following details: The transaction date : After the approval from the

agreement to execute the transaction. After approval by the Company’s Board of Directors, with retroactive effect from 1 April 2017 until 11 May 2020. 2. Party and relationship. The Provincial Waterworks

classified as the connected transaction with the following details: Transaction date : After the approval of the Board of Directors’ meeting. Connected parties : Employee : The Subsidiary of Quality Houses

customers in Map Ta Phut Industrial Estate. Meanwhile, demands of our customers in automotive sector showed signs of downturn but did not significantly affect company's results of operations as revenue from

MANAGEMENT DISCUSSION & ANALYSIS 3Q 2019 6 NOV 2019 MASTER AD PUBLIC COMPANY LIMITED 1 13 May 2019 QUARTERLY BUSINESS REVIEW – 3Q 2019  Consolidated revenue increased by 54.0% YoY to THB 748mn o

investment units in the portion yet to satisfy the minimum of 5 year investment.The said action was a violation of conditions prescribed by the Revenue Department, causing the client to pay back tax deductions

the client of FIFO criteria applied by the Revenue Department.  Accordingly, instead of the LTF investment units purchased in 2013, the selling order resulted in deduction of the units purchased two