to be paid / Total Asset of ORI) x 100 4. Value of Securities issued by the Company as consideration for the assets acquired = No. of shares issued in consideration of the assets x 100 / No. of issued

Sign Co. Ltd., (“Multi Sign”) and COMASS Co. Ltd., (“COMASS”) which was acquired in October 2016 and July 2017, respectively. The consolidation has expanded MACO’s nationwide footprints and increased

profit margin in the third quarter of 2017 was 57.2%. This gross margin had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However

asset value of the ORI) x 100 4. Value of Securities issued by the Company as consideration for the assets acquired = No. of shares issued in consideration of the assets x 100 / No. of issued and paid-up

for sale in the vicinity. In addition, the cost of the Company’s current land plot, which was acquired during 2015 to 2016, was at an average price of Baht 3.07 million per rai Establishment of 1 new

margin had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However, the genuine gross margin during 3 months and 6 months ended the

of July 2018, Master Ad Public Company Limited (“MACO”) successfully acquired 81.65% in Trans.Ad Solutions Company Limited (“Trans.Ad”) – multimedia display systems provider and 89% in Roctec

profit 2019 (16.76) Criteria used in the calculation of transaction value 1. NTA = Not used because the acquired asset is real estate 2. Net profit = Not used because the acquired asset is real estate 3

revenue increasing derived from the new biomass power plants which the Group acquired in the third quarter of 2020 and revenue recognition of biomass power plant in Khlong Khlung, Kamphaeng Phet Province

customer screening criteria. In particular, more rigorous requirements have been set for small and micro businesses as well as retail customers, while we have acquired customers with stronger financial