environment of both the public and private sector remained weak, and private consumption, albeit growing steadily, slowed during the second half of the year. Meanwhile, the Thai economy in 2020 is expected to

of Governors of the Stock Exchange of Thailand Reference is made to the resolutions of the Board of Directors’ Meeting No. 6/2018 of Master Ad Public Company Limited (the “Company”), held on May 17

. - 21 - FORM 56-1 One Report (Attached to Notification No. Tor Jor. 55/2563) Applicable to the Financial Year Ending 31 December 2021 onwards Annual Registration Statement / Annual Report Form 56-1 One

. SEC Classification : ใชภ้ายใน (Internal) FORM 56-1 One Report (Attached to Notification No. Tor Jor. 55/2563) Applicable to the Financial Year Ending 31 December 2021 onwards Annual Registration

Ref. No. IVL [002/08/2019] 8 August 2019 The President The Stock Exchange of Thailand Subject: Submission of Quartely Review of Financial Statements and the Management Discussion and Analysis of

outcomes may differ from forecasts. BAM makes no representation or warranty of any type whatsoever on the accuracy or completeness of the information contained herein. 3 Bangkok Commercial Asset Management

2019 and there was no bad debt in the past year 2018. (3.2) Inventory and Deterioration or Obsolete The Corporate Group’s inventory as at June 30, 2019 accounts for 23.03 percent of the total assets, of

tourism sector characterized by an increase in foreign inbound tourists, especially from China due to more available direct flights to Thailand and Europe due to the Easter holidays at the end of the period

global economy 2.) tourism sector growth with an exceptional 12% YoY increase in tourist arrivals for the first six months of the year, especially Chinese, Russian and Indian tourists 3.) recovering

Ref. No. IVL 005/11/2019 11 November 2019 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Review of Financial Statements and the Management Discussion and Analysis of