MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019  Consolidated revenue increased by 161.5% YoY to THB

is warehousing inventory management and nationwide delivery service. 3. Relationship  Jointly Majority Shareholders as follows: - Saha-Pathana Inter-Holding Plc. holds 15% of Tiger Distribution and

Department offices nationwide. The Request Form is available at the Legal Execution Department https://www.led.go.th/th/views/2567/02/79-7.pdfSTARK bondholders can find information on the supplementary

Party Division, 2nd Floor, the Legal Execution Building or the Legal Execution Department offices where the debtor has residence or the Legal Execution Department offices nationwide. The Request Form is

Hong Sub-District, Laksi District, Bangkok 10210 or the Legal Execution Department offices nationwide. The Filing Form is downloadable on the Legal Execution Department website: https://www.led.go.th

financial and investment knowledge, as well as raising awareness and preventing frauds for over 10 million Thai people nationwide. The SEC is considering an extension into Phase 2, which will include honoring

nationwide, the governing regulations allow infrastructure funds to provide products and services to non-state clients as well. We welcome feedbacks and suggestions for further developing such instrument for

of Thailand and Office of the National Economic and Social Development Board data (NESDB), Thai economy in 2020 expanded by 2.4%, decreased from 4.2% in previous year. This was because the global

NATIONWIDE COVERAGE 1 • รายได้จากการให้บริการ เพิ่มขึ้น 149.3% อยู่ที่ 689 ล้านบาท o รายได้จากการให้บริการสื่อโฆษณา ลดลง 5.5% อยู่ที่ 261 ล้านบาท o รายได้จากการให้บริการด้านระบบครบวงจร อยู่ท่ี 428

follows. Overview According to the Bank of Thailand and Office of the National Economic and Social Development Board data, the Thai economy in the third quarter of 2019 expanded by 2.4%, slightly increased