registered capital of THB 301,612,259.75 by issuing 482,567,173 newly ordinary shares at the par value of THB 0.25 per share as detailed in clause 3. After the allocation of newly issued ordinary shares to the

THB 459mn in 1Q 2017. The revenue growth was chiefly attributed to (i) the consolidation of the acquired hotel business in Europe, which contributed operating revenue of THB 947mn, (ii) operating

measurement of goodwill of the hotel business in Europe was completed this quarter. The revenue growth was chiefly attributed to (i) the full quarter consolidation of the acquired hotel business in Europe

Company Limited (“VGI”), a major shareholder of the Company (as detailed in the Information Memorandum on Connected Transaction and Asset Acquisition of Master Ad Public Company Limited (Enclosure 3)) (the

measures to release the economic impact. Having considered the above-mentioned circumstances, the Bank of Thailand lowered the Thai economy growth outlook in 2020, from an increase of 1.5-2.5% to a decrease

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended March 31, 2018 In the first quarter of 2018, Thai economic growth gained

Ratio (Times) N/A N/A N/A Cash Basis (Times) 1.48 1.48 1.11 Dividend paid (%) * - 99.90 99.90 Per-Share Data and Growth Rate of All Types of Business 2016 2015 2014 Per-share Data Book Value per share

had successfully recorded a sales growth of Baht 27.4 million, or 4.1% year-over-year. Please find the details of sales growth by business units as following: - Processing food from meat business

revenues were able to growth better than overall of the industry. 2. Selling and Administrative Expenses Selling and Administrative Expenses increase in accordance with sales. In Q3/2019, the company’s

corresponding period last year, or 36.62% increased, which was better than the average growth rate of industry. These are because of our correct expanding strategy that emphasized on real demand segment, and