private sector to help enhance the public sector operation along the line with international standard.  SEC Secretary-General Vorapol Socatiyanurak revealed that the Capital Market Supervisory Board

corporate governance development in our market." Originally developed by the OECD in 1999, the Principles have become the international benchmark. They have been adopted as one of the Financial Stability

LIMITED ASIA HOTEL PUBLIC COMPANY LIMITED ASIA MEDICAL AND AGRICULTURAL LABORATORY AND RESEARCH CENTER PUBLIC COMPANY LIMITED ASIA METAL PUBLIC COMPANY LIMITED ASIA NETWORK INTERNATIONAL PUBLIC COMPANY

expenses; and 6) higher finance costs due to higher borrowings as a result of additional investments in machinery and joint ventures both in Thailand and overseas.  EBITDA in Q1/2018 was Baht 75 million, a

= 0.30581 THB This amount was calculated based on the cost (labor cost, administration cost, equipment cost etc.) of AFS who works for subsidiaries including overseas business, and the cost is allocated to

itself and its overseas subsidiaries as well as marketing and managing expense to support existing customers. The decreased percentage of SG&A to sales revenue was mainly in related to decreased sales

ANAND (HUF) 1.61 5. PAWANDEEP SINGH ANAND 1.56 6. TEJBIR SINGH ANAND 12.79 7. SURINDER KAUR ANAND 19.20 8. ALP OVERSEAS PVT.LTD. 14.13 9. ANBROS MANAGEMENT SERVICES PVT.LTD. 5.89 รวมทั้งหมด 100.00 - 3

capture growth and bolster our leadership in OOH media business in overseas markets. BUSINESS OVERVIEW AFTER THE RESTRUCTURING MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY

from foreign exchange by hedging to every payment from overseas, only recognized the income into the account. Cost of Goods Sold The company had the cost of goods sold as 193.84 million baht, decreased

decreased from 4.23 % during the same period of last year. The SG&A was mainly in related to the consolidated expense of supporting the Company itself and its overseas subsidiaries as well as marketing and