MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019  Consolidated revenue increased by 161.5% YoY to THB

Extraordinary General Meeting of Shareholders No .1 /2018 to consider and approve the amendment of Clause 4 of the Memorandum of Association of the Company to be in line with the reduction of the Company’s

(THIS REPORT DISCUSSES THE PRINCIPAL CHANGES IN THE UNREVIEWED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE THIRD QUARTER

(THIS REPORT DISCUSSES THE PRINCIPAL CHANGES IN THE REVIEWED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE THIRD QUARTER ENDED

, whether by air, water, or land in order to enter into the Kingdom by temporarily. Leading to the number of the passenger at Suvarnabhumi Airport (BKK) and Don Mueang Airport (DMK) in Q1/2020 totaled 19.6

shopping malls continued to be backed by strong demand. - Other revenues to grow in-line with the shopping mall business growth. Cost of businesses and financing cost In 2020, the Company forecasts that the

MANAGEMENT DISCUSSION & ANALYSIS 3Q 2019 6 NOV 2019 MASTER AD PUBLIC COMPANY LIMITED 1 13 May 2019 QUARTERLY BUSINESS REVIEW – 3Q 2019  Consolidated revenue increased by 54.0% YoY to THB 748mn o

continued to collaborate with exiting and new business partners in order to offer more benefits and to expand our customer base. The Company also launched the marketing campaigns throughout the year. For

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3/2018 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED 0 THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP Management Discussion & Analysis

and values the corporate governance for running the business in term of economics, social and environment together with all stakeholders’ benefit in order to enable us as a world- class energy company