THB 40.23 million, causing from consulting fee for accounting, legal, roadshow and press conferences to investors approximately THB 8.52 million, allowance for impairment loss on hotel assets of THB

million, causing from consulting fee for accounting, legal, roadshow and press conferences to investors approximately THB 8.52 million, allowance for impairment loss on hotel assets of THB 11.56 million

% Reversal of Impairment of Assets -3.6 -0.4% 0.2 0.0% 3.8 105.6% Profit from Dispose Investment in 0 0.0% 27.3 2.9% 27.3 n.a. Management Discussion and Analysis (MD&A) for 2019 Page 2/5 2018 2019 YoY Mio

transaction size is 0.19 of the Company’s net tangible assets calculated from the latest financial statement ended on 30 June 2017. The transaction size is more than 0.03 but does not exceed 3 percent of the

company -243.50 -59.81 -183.69 -307.12 Financial Position as at December 31 (Unit : Million Baht) 2018 2017 Inc./(Dec.) % Current Assets 423.04 305.00 118.04 38.70 Non-Current Assets 920.89 259.75 661.14

income (3) increased efficiency in support functions which resulted in limited increase in administrative expenses. Analysis of Financial Position Assets As of 31 December 2017, and 31 December 2018, the

Size of Transaction : 93.93 million baht/ 5,146.41 million baht Size of Transaction : Size of the transaction equal to 1.83% of the net tangible assets by calculating from the consolidate financial

Return on Equity - ROE (%) (1.10) (1.33) Return on Assets - ROA (%) (1.18) (0.37) Net Profit Margin (%) (6.68) (20.25) Please be informed accordingly. Yours Sincerely, Mr. Piyawat Ratchapolsitte Chief

growth, OOH and digital/online media, MACO has strengthen our media portfolio through 1) nationwide network expansion, 2) digitizing our media assets, and 3) integrating media inventory with Online

Chief Executive Officer of the Company. 91.71 91.71 (90.31) The transactions between New Decade Co., Ltd. and the Company are machine and equipment rental, purchase of construction material and