2017 until currently, together with the downturn of such printing industry which will result in operation at loss in the future. 8 Plans for utilizing the proceeds from the asset disposal Proceeds

6661 Fax: +662 661 6664 1 2019 IVL Performance Summary IVL registered volume growth of 18% in 2019 driven mainly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading

reserves and financial investments were THB 8.7 billion at 31st December 2019 similar to THB 8.7 billion at 31st December 2018 . reviewQ419.xlsx MD&A 2019 24/02/2020 Asset Quality Accounts Receivable Most of

increase in revenue was higher than the industry growth (in terms of volume) of 2.68% year-on-year due to the following reasons: 1) Automotive parts business; Increase in customer orders from existing

%, with 16.0% increase in automotive parts businesses and 35.3% increase in dealership businesses respectively whilst industry production was up by 5.8%. The increase in revenue was due to the following

growth in exports 2) political uncertainties which may inhibit investments and consumptions and 3) high level of household debts still limiting consumptions. For the auto industry, expansion continued

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD&A 1Q 2018 (ended 31 March 2018) 14 MAY 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The popularity of outdoor media has continuously

disbursement in FY24, declining export and manufacturing competitiveness, and global supply chain issues. Mobile industry sustained its growth momentum with increased usage both domestically and internationally

, limited the result and brought down the ARPU across the industry. 5G remained the key growth factor of mobile operators with intentions to monetize their 5G investments. 5G packages were promoted through

in the automotive industry have recovered. As a result, ocean freight began to resume playing a role in the Company's operating results. Cross Border Service is an alternative service that is very