Airport Media, while Trans.Ad Group’s cost is mainly from hardware and software. As a result, overall gross profit margin was decreased from 46.9% to 35.6%. THB (mn) 2018 (Restated) 2019 YoY (%) Operating

, as a result of growth in both energy drinks and functional drinks categories (for 4Q’19, total beverage revenues recorded at THB 5,512 million, an increase of 5.4% YoY). Domestic beverage sales were at

slowdown, 4/11 which result in a decline in ad spending on print media. However, the Company has adjusted strategic and business model to cope with such effects. The Company views that Bangna assets are no

and amortization from investment to increase raw water distribution capacity. Furthermore, the average sales price was lower from rising demand from household customer. As a result, gross profit margin

major receivables, which was famous automobile manufacturing companies in Thailand. As a result, the Company did not set the allowance for doubtful accounts. Average days sales of inventory were 20 days

senior management members to be ready for the future business expansion and higher marketing & promotion expenses to draw higher traffic into shopping malls. As a result, net profit declined 11% QoQ

capital in order to achieve the target backlogs. The backlog securing of company, however, depends on the result of bidding process and the facilities support from financial institution which requires the

of THB 156 million and a decrease in trade and other payables of THB 163 million. • Non-current liabilities increased by THB 391 million mainly as a result of the rental deposit for the Mixed-use

matter (collectively, the “Interested Directors”). As a result, such Interested Directors did not attend the meeting nor cast votes on such agenda item. 8. Opinion of the Board of Directors on the entering

as interested directors with respect to this matter (collectively, the “Interested Directors”). As a result, such Interested Directors did not attend the meeting nor cast votes on such agenda item. 8