1 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 MEDIA INDUSTRY In recent years, advertising industry has witnessed the shift in the media

% 45.1 4.9% 21.5 91.1% Financial Expenses 63 6.9% 54.3 5.8% -8.7 -13.8% Net Profit Attributable to Major Shareholders -17.4 -1.9% 17.2 1.9% 34.6 198.9% Overview of the Retail Industry and the Company's

increase in revenue was higher than the industry growth (in terms of volume) of 3.1% year-on-year due to the following reasons: 1) Automotive Parts Business; Increase in customer orders from existing clients

business which comprised of 81.22% of sale and service income in Q3 2021 remained strong and grew in line with the industry. In Thailand, customer orders were slightly slower than planned but still higher

(Switzerland) AG and Delta Electronics Industry LLC and 100% of investments in Delta Greentech (USA) and Delta Greentech (Brasil) S.A.. After net of loss from a fair value adjustment of investment in associated

Industry Public company Limited would like to explain the operating result for Quarter 2 ended June 30, 2019 compare with the same period of the previous year as follows For the past 3 months of Quarter 2

Industry Public company Limited would like to explain the operating result for Quarter 3 ended September 30, 2019 compare with the same period of the previous year as follows For the past 3 months of Quarter

No. AC 070/2018 KHON KAEN SUGAR INDUSTRY PUBLIC CO., LTD 503 K.S.L. TOWER, 9th FLOOR, SRIAYUDHYA ROAD, RAJATHEVI, BANGKOK 10400 14 June 2018 SUBJECT EXPLANATION FOR THE CHANGE IN PERFORMANCE OVER 20

line with the overall decreased average occupancy trend for the hotels industry in the Maldives. As for the Food Business, overall there was a more positive trend during Q3/2017 compared to the same

for the company and shareholders, due to transportation is an important factor driving the economy, which is considered to be potential business, and relate to the development of country’s industry. If