June 30, 2020 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For six months ended June 30, 2020 Overall Group Performance Table 1

is selected to include in Thailand Sustainability Investment (THSI) among other 65 listed companies by the Stock of Exchange of Thailand (SET). This selection does not only reflect how the company

effectively managed, although inventory days increased from 28 days to 40 days. This was a result of an elevated handset stock-to-sales ratio due to the government tax campaign in early 2024, which postponed

0 ] Ref. No. IVL 001/05/2021 6 May 2021 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Review of Financial Statements and the Management Discussion and Analysis of

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

Extraordinary General Meeting of Shareholders No. 1/2018 To: The President Stock Exchange of Thailand Enclosures: 1. Information Memorandum on the Asset Acquisition and Connected Transactions of U City Public

forecast. Although short-term economic stimulation measures from the government benefited private expenditure, but could not make a positive change to the overall GDP. (Source: Bank of Thailand). Thailand’s

% 2 from 4.0% at the end of 2019 from asset quality management and also partly impacted by the current staging suspension for loans under financial assistance under the Bank of Thailand measures. 1

amongst the companies with the honor of Thailand Sustainability Investment 2017 by the Stock Exchange of Thailand, having demonstrated outstanding achievements in sustainable business operations with utmost

expenses related to the initial public offering in The Stock Exchange of Thailand (IPO). In 4Q.2019, BAM had reversed an increase in impairment loss on properties on sale of Baht 3.09 million, or 25.49