No. IIG 002/2020 14 August 2020 Subject: Management discussion and analysis for the second quarter of 2020 Attn: Governors and President Market for Alternative Investment (MAI) I&I Group Public

V2 13/11/61 17:55 น. 0 V2 13/11/61 17:55 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the Third Quarter of 2018 The Thai economy in the third

1 / 5 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the year at the end of 31 December 2018

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019  Consolidated revenue increased by 161.5% YoY to THB

Management Discussion and Analysis for the Third Quarter of Year 2018 Business Overview Business overview of One to One Contacts Public Company Limited and its subsidiaries (“the Group”) for the

working capital management. - Long term loans from financial institutions were 3,992.40 million Baht, increased by 791.80 million Baht from the end of the year 2 0 1 6 due to the refinanced loan as

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

. Division 3 Certification of Information _______________________ Clause 14 The certification of information shall be attached to the end of the prospectus and shall contain a statement that the management

Group for the 6-month period would be Baht 316.54 million or an increase of 23.86 percent. Details of the changes or impacts are described in the Management Discussion and Analysis (MD&A) as attached

Corporate Group for the 9-month period would be Baht 446.70 million or an increase of 33.26 percent. Details of the changes or impacts are described in the Management Discussion and Analysis (MD&A) as