case where the Company has disclosed a business plan or a financial prediction in the registration statement or the annual registration statement/annual report, clarify the results of the implementation
the Group to expand its media offerings on a massive scale. MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD PUBLIC COMPANY LIMITED 2 INTERNATIONAL MARKET – EXPANDING INTERNATIONALLY ACROSS
implementing a response plan and is continuing to monitor the situation closely in order to conduct the appropriate measures. Hospitality Business The hospitality segment is taking a massive hit, with 53 out of
to conduct the appropriate measures. Hospitality Business The hospitality segment is taking a massive hit, with 53 out of 57 hotels in our portfolio temporarily closed since the second half of March
travel will return driven by millennial travellers hungry for new experiences. The massive populations of China and India – both with bourgeoning middle classes – will continue to be huge source markets
considering advantage of receiving financial assistance from Mahachai Group at the period of time and situation that the Company faces with massive losses and unable to receive financial assistance from any
supplement, amend, update or revise any such statements. The Company does not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved
any such statements. The Company does not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved. Definitions Core EBITDA is
prediction that the results anticipated by such forward-looking statements will be achieved. Definitions Core EBITDA is after excluding inventory gains/losses from reported EBITDA. Inventory gains/losses in a