, Clause 38, Clause 43(3), and Clause 44 of the Notification of the Capital Market Supervisory Board No. TorThor. 35/2556 Re: Standard Conduct of Business, Management Arrangement, Operating Systems and

The fourth quarter of 2017/18 (ended 31 March 2018) 1 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 2017/18 17 MAY 2018 MEDIA INDUSTRY The Thai advertising market has been shaped by major

2019 was THB 53.6 million, decreased 6.9% which amounting to THB 4 million due to the fact that online segment was closed in 2019 from market price had been declined significantly. Thus, revenue from

, effective since the 1st quarter of 2021. Moreover, the Company had higher employee-related administrative expenses to support the Company being listed in the Market for Alternative Investment (MAI). Finance

deposit fee that increased by 0.11 million baht, these expenses just occurred in quarter 4 of 2018 after the Company got listed in Stock market. Depreciation expenses also increased from 3 new vehicles that

market environment The Thai economy for the year 2018 expanded as expected according to its potential with growth for the nine months of 2018 at 4.3%. For the last quarter of 2018, the economy continued to

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

, L.P. (“SSG III”), and Kendrick Global Limited (“KG”) (collectively referred to as the “SSG Group”) for the net trade debt repayment of USD 123,899,729, or equivalent to THB 4,275,683,281.33, under the

Q1-2017 (THB 18,695/ton) due to the decrease in HRC market price worldwide and a stagnant of Thai economy in the first half of 2017 causes a lower demand of steel consumption. Management’s Discussion

which Warot and Jeeraporn were working. They used such inside information to trade securities or derivatives of 12 listed company clients during 2015-2017. Most of such draft financial statements