is a holding company, which engages in OOH media business in various segments, including Transit, Office and Aviation in Malaysia and Indonesia. INDONESIA  In April 2019, the red line (North-South) of

the TV sector and traditional media have been in decline and is expected to be surpassed by OOH media (Outdoor, Transit and In- store media) and digital/online spending in the near future. Master Ad

has the exclusive rights to install and manage 188 advertising panels under 23 BTS stations from Bangkok Mass Transit System Public Company Limited and (2) advertising under flyovers in which the

feasibility study of power business that continued from Quarter 1 and . However, these feasibility study expenses did not significant increase from Quarter . The cause of increasing financial cost as the above

. However, the Company has the policy to reduce these expenses. The administrative expenses increased from feasibility study expenses of the relating furniture business such as Medium Density Fiber Board

. Mostly are transportation and goods in transit insurance expenses. Administration Expenses The company’s administration expenses for the 3rd quarter of 2015 ended as of September 30, 2015, was THB 16.53

% from selling expenses the amount of THB 15.24 million in the 2nd quarter of 2014. Mostly are transportation and goods in transit insurance expenses. Administration Expenses The company’s administration

selling expenses the amount of THB 13.69 million in the 3rd quarter of 2014. Mostly are transportation and goods in transit insurance expenses. Administration Expenses The company’s administration expenses

decreased by THB 5.23 million or by 34.33% from selling expenses the amount of THB 15.24 million in the 2nd quarter of 2014. Mostly are transportation and goods in transit insurance expenses. Administration

purchase order for slit of steel. In addition, the Company recognized more inventory in-transit which not made a payment in abroad trade payables. Non-Current Liabilities The Company’s non-current