some marketing risk and to improve product quality to be accepted for international standard level. For the year 2018, it will be a challenging year for the Company to increase more export volume, sales

increase more export volume, sales revenue, lower production costs so that the bottom line could be achieved and better than the previous year. 3. Management’s Message Management’s Discussion and Analysis

enterprise in which some projects were postponed bidding from previous years. In the year 2019, the Company had delivered large-scale project more than 1,000 MB, which was the largest-scale project that the

iron, had more fluctuated since the first quarter of 2016, by increasing in the first and the second quarters of 2016 and then decreased in the third quarter of 2016 but then turn back increasing

, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated since the first quarter of 2016, by increasing in the first and the second quarters of 2016 and

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

additional provision of THB 20 Million due to increase in the benefit of employees who have past service of 20 years or more from 300 days to 400 days according to the announcement of Labour Protection Act

The main raw materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated since the first quarter of 2016, by increasing in the first

2018 which resulted in a 12-day shutdown for repair and maintenance. Following in June 2018, the company had the production volume hit to more than 86,000 tons, the highest production quantity recorded

Meeting of Shareholders No. 1/2020, which is scheduled to be held on 25 February 2020. The Company expects to be able to dispose of one or more assets within a 12-month period. Attachment 1 Page 2/11 2