& ANALYSIS 2018 MD&A FY 2018 (ended 31 December 2018) IMPORTANT EVENTS IN 2018 2018 was another important milestone for MACO as we successfully expanded our media coverage in Southeast Asia through our

in Q4/2018 continuously grew. Export-oriented manufacturing businesses continuously expanded but domestic-oriented manufacturing was rather stable as slow recovery of private consumption and high

from ‘International Advertising’  Expanded our footprint to Vietnam market – the fastest growing economy in Southeast Asia  Net profit excluding minority interest was THB 161mn KEY BUSINESS AND

. On fixed broadband business, AIS Fibre expanded coverage to 50 key cities with a focus on quality. In 2017, AIS continued to focus on subscriber acquisition and recorded 521,200 subscribers at year end

is poised to continue in 2018. The Thai GDP expanded by 3.8% in the first 9 month of 2017, (following the growth of 3.3% in the first 9 month of 2016)1. The growth supported by a marked upturn in

MANAGEMENT DISCUSSION AND ANALYSIS FOR 2017 2 2. ECONOMIC SITUATION Thai economy continually expanded supported by every economic engine especially merchandise exports that were uplifted from global trade

14,388.23 million, increased by THB 82.41 million (+0.58%). The Company’s primary products were Notebook, which the Company had expanded its product portfolio to include high-end Notebook to acquire more

Significant Event Focus on Developing and Expanding Luggaw and Mikka café The Company plans to open an additional 5 “Luggaw” branches during 2H/2024. In Q2/2024, the Company expanded 4 new Luggaw café, located

Office and using such applicable form. 1The applicant in Paragraph 1 shall pay the application fee to the SEC Office when the SEC Office has received the application together with accurate and complete

transaction to complete the disposal of the subsidiaries’ assets of not exceeding to 1,200 million Baht for the Company. The total value of the 2 agreements were 14,000 million Baht. The summary of significant