the same period last year, respectively. Meanwhile, private consumption increased gradually, as a recovery in purchasing power remained tepid. Private investment has shown signs of improvement

performance. Therefore, the shareholders have directed the executives of Blue Finix to prepare business recovery plan. Then, the executives of Blue Finix has proposed such plan in the Board of Directors

purchasing power. However, from Sep-21 onward, restrictions were gradually lifted, resulting in some improvement in consumer spending. Meanwhile, competition in mobile industry remained elevated as operators

focuses on retail business as the main business under the concept of "The Power of Synergy", an important strategy to create the operating ecosystem generating a return for shareholders. In the past year

quarter of 2019 continued to expand driven mainly by domestic demands. Private consumption expanded in all categories supported by the improvement in purchasing power from the rise in farm and non-farm

2018 to maintain the growth rate, having factors including the recovery of construction material market after the improvement of purchasing power of the provincial customers and also the construction

Company plans to open an additional of 10-12 branches, focusing on areas that are tourist centers and residential areas with high purchasing power and a large number of customers, in order to increase the

Manager, including information on the names of directors and executives, educational qualifications, experiences related to investment or management of real estate, scope of power and duties of each board 9

Sign Co. Ltd., (“Multi Sign”) and COMASS Co. Ltd., (“COMASS”) which was acquired in October 2016 and July 2017, respectively. The consolidation has expanded MACO’s nationwide footprints and increased

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