analysis report of the financial positions and result of business operations differences more than 20% compare to the previous year. To : Board of Governors and the President of The Stock Exchange of

to the business operators who have been licensed by the SEC Office, the market professionals who have been approved by the SEC Office, other persons approved by the SEC Office, as well as the persons

Microsoft Word - 2020.02.11_FY 2019_MACO_MDA_EN_Final MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD PUBLIC COMPANY LIMITED 1 YEARLY BUSINESS HIGHLIGHTS – 2019  Consolidated revenue

associate to investment in a subsidiary. Landy is in the office rental business which own MACO headquarter office. - On 29 June 2018, Green Ad Company Limited, a wholly-owned subsidiary of MACO, has

consumables, office supplies, utilities expenses, repair and maintenance fee, bank fees and property tax corresponding to the expansion of the business. • Administrative Expenses to Total Revenue in 9M/2023 was

Phnom Penh, Cambodia. Significant Event a n d B u s i n e s s D i r e c t i o n : Trends of the restaurant business in Thailand (Billion baht) Forecast of the Thai restaurant market in 2023-2025 The

lien against the issuer’s property or before taking any other action upon the request of the debt securities holders. 5. Disclose the material terms of the contract or provisions of law governing the

% in Q3, 3.8% through September 2017) and 0.7% q/q. This would result in 4% GDP growth for 2017 and with the close correlation of GDP to lime usage this is positive for the business. Q4 GDP growth was

%. For the tourism revenues, the Company ceased the tourism business since January 1, 2020 due to it is unconformity with the Company’s policy. 1.2.3 Other revenues Unit : Million Baht For the 3 months

-22 Q1-23 VS Q4-22 (MB) (MB) % Cash and cash equivalent 1,590.7 1,486.6 104.1 7.0 Inventories 938.2 882.7 55.5 6.3 Other current assets 273.9 203.1 70.8 34.9 Property, plant and equipment 218.2 96.2