pandemic of COVID-19 followed by the government’s order of a temporary business shutdown to limit the spread of COVID-19 applying from 22 March 2020 until the present affects our partners and customers

“Mikka” in 3 locations - Pattanakarn 25, Sathorn, and Lalaisap Market. Thanks to the pandemic that has created the work-from-home culture, which has boosted the food delivery sales to its peak. Our newly

Covered Management Company: ______________________________________________________________________ 9) Address of principal place of business: _______________________________________

: ______________________________________________________________________ 9) Address of principal place of business: _______________________________________ _______________________________________________________________________

contingent upon a sustained business and economic environment BB+ BB BB- B+ B B- B C D Ba1 Ba2 Ba3 B1 B2 B3 NP BB+ BB BB- B+ B B- B C D High default risk - debtor’s capacity for meeting commitments may be

over subscription 2 times amidst challenging market condition. The Debentures have a term of 2-10 years with effective interest rate of 4.18% p.a. The proceeds from the issuance of the Debentures will be

ตราสารทุน, partnership interests, business trust shares, ownership interests in business enterprises, ADRs (American Depositary Receipt) และ GDRs (Global Depositary Receipt) กองทุนมี net exposure ในหน่วย

things ตราสารทุนท่ีกองทนุหลกัลงทนุประกอบด้วย หุ้นสามญั, หุ้นบุริมสิทธิ, warrants, ใบแสดงสิทธิเทียบเท่าตราสารทุน, partnership interests, business trust shares, ownership interests in business enterprises

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2017 MD&A FY 2017 (ended 31 December 2017) 12 FEB 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Thailand’s economic recovery remained on track and

are calculated from Total Revenue 1 Financial PerformanceExecutive Summary Significant Events Management Discussion & Analysis Q1/2022 2 Expanding to Overseas Market • On January 25, 2022, the Company