depend on the location and the use of assets. Consultancy Fee Income, the price is fixed by costing plus with reasonable profit which depends on the difficulty and the scope of service in personnel. 3

January 2020 represented an effective markdown of about 1.7% of sales. Lockdowns implemented by many countries due to COVID-19 caused difficulty in the supply chain, which led to deferrals of some order

Street Furniture media under 22 BTS stations allowing MACO to offer higher visual impact advertising and more creative content for brands. Street Furniture media has already started commercialisation in

Company’s major export countries, e.g. Cambodia where flood caused transportation difficulty and China where some distributor had weak performance. In addition, Thai baht was stronger than currencies of the

the delay in ownership transfer in a certain number of our customers and lockdown policy implemented in various countries causing difficulty for real estate foreign buyers to proceed the ownership

digital billboard and revenue from creative production. THB (mn) 1Q 2017 1Q 2018 YoY (%) Operating revenue 190 290 53.1% Cost of sales 89 109 22.9% Gross profit 101 181 79.7% Selling, general

provinces of Thailand. The Company’s products are categorised into 5 main types consisting of (1) Billboards, (2) Street Furniture, (3) Digital Advertising, (4) Overseas Advertising, and (5) Creative OOH. 1

configurations, and a penthouse offering one of the most prestigious addresses in Bangkok. The luxurious units will range in size from 120-600 sq. m., with designs from world-class creative minds and offering

operating lease in prominent locations (ii) growth of rental revenue together with increase in efficiency, (iii) development of high potential properties with innovative and creative value-added concept and

and digital billboard and revenue from creative production. THB (mn) 2Q 2017 1Q 2018 2Q 2018 QoQ (%) YoY (%) Operating revenue 199 290 280 -3.4% 40.9% Cost of sales 87 109 103 -5.8% 17.8% Gross profit