Microsoft Word - 2020.07.15_3M 2020_MACO_MDA_EN_Final - Auditor edit MANAGEMENT DISCUSSION & ANALYSIS FOR THE 3-MONTH ENDED MARCH 2020 (3M 2020) 15 JUL 2020 MASTER AD PUBLIC COMPANY LIMITED 1

financial adviser (IFA) to provide an opinion pursuant to the Notification of Connected transactions, which the Company appointed Advance Capital Services Co., Ltd. as IFA. Nonetheless, the Company has no

Change of Details Concerning the Entire Business Transfer of Unicorn Enterprise Company Limited, Capital Increase, Issuance and Allocation of U-W3 and U-W4 Warrants, and Issuance and Offering of Newly

proportion of 51 percent 2. Capital Increase Form (F53-4) 3. Information Memorandum regarding the offer of newly issued shares by capital increase of East Coast Public Company Limited to the specific person

Capital Services Co., Ltd. as IFA. Nonetheless, the Company has no other connected transaction with the same connected person or related person or close relatives subjected to the connected person, within 6

KASIKORNBANK 10 3.3 Customer Segments and Services 11 3.4 Service Channels 15 3.5 Awards and Commendation 17 4. Operating Performance and Financial Position Analysis 18 4.1 Operating Performance 18 4.2 Financial

สูงสุด 3 ราย ลำดับที่ ชื่อผู้ให้บริการ ตัวอย่าง Amazon Web Services (AWS) 1 2 3 2.2 Operating System *ให้ระบุสูงสุด 3 products ลำดับที่ Vendor / Product ตัวอย่าง Red Hat Enterprise Linux (RHEL) 1 2 3 2.3

Specific Investors (Private Placement), i.e. Silom Road Limited and Mr. Viroj Tangjettanaporn The Board of Directors’ meeting No. 7/2018 of Nation International Edutainment Public Company Limited (the

U City Public Company Limited (Registration No. 0107537000459) 21 TST Tower Soi Choei Phuang, Viphavadi-Rangsit Road, Chomphon, Chatuchak, Bangkok 10900, Thailand T: + 662 273 8838 F: + 662 273 8858

Notification: (1) “fund” means an infrastructure fund; (2) “management company” means a securities company holding a license to manage mutual funds; (3) “infrastructure asset” means: (a) the ownership of, the