from ‘International Advertising’  Expanded our footprint to Vietnam market – the fastest growing economy in Southeast Asia  Net profit excluding minority interest was THB 161mn KEY BUSINESS AND

is poised to continue in 2018. The Thai GDP expanded by 3.8% in the first 9 month of 2017, (following the growth of 3.3% in the first 9 month of 2016)1. The growth supported by a marked upturn in

results based on its audited consolidated financial statements ended 31 December 2017 as follows. Management’s Discussion and Analysis The following Management's Discussion and Analysis should be read in

expected approximately 100k by the end of 2020. However, quick development on 5G ecosystem, especially sharp decline in handset price, will accelerate no. of 5G users and other revenue on 5G related service

operations of the Group The Group has principally engaged in distribution of product and equipment, design, assembly and installation, and maintenance service of pure water treatment system; including operate

Quarter ended March, 2019 were severely impacted by production disruptions resulting from breakdown of critical gear and transformer which resulted in an unexpected prolonged Shutdown. While breakdown of

Street Furniture media under 22 BTS stations allowing MACO to offer higher visual impact advertising and more creative content for brands. Street Furniture media has already started commercialisation in

1 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 MEDIA INDUSTRY In recent years, advertising industry has witnessed the shift in the media

landlords in Thailand  Discuss with international media concession owners to reduce or postpone the payment of minimum guarantee II. Postponement of cash flow  Proritise the use of money for current

financial position 4. Analysis of the consolidated cash flow 5. Future operating trends Summary of the Company's operating results In 2Q2020, particularly in April, was the peak of the Coronavirus pandemic