1 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 MEDIA INDUSTRY In recent years, advertising industry has witnessed the shift in the media

Management and Risk Factors 5 2.1 Credit Risk Management 5 2.2 Market Risk Management 5 2.3 Liquidity Risk Management 5 3. Business Directions and Operations of Core Businesses 7 3.1 Sustainable Development

strategy that is based on three major pillars: topline growth, operational excellence, organization development. The “fixing the basics” program is nearly complete, resulting in upgrades of technical assets

increase by 10.7 MB or 57.5% y-o-y consisting of revenue from space rental of “The Brio Mall” which plans for site development plan, screens more variety of shops including setting up interesting activities

of Thailand Major Development Public Company Limited (“The Company”) would like to inform total revenues 3,384.22 million baht and net loss 183.91 million baht in the consolidated financial statement

of Thailand Major Development Public Company Limited (“The Company”) would like to inform total revenues 3,375.21 million baht and net loss 183.91 million baht in the consolidated financial statement

the Company As the potential of such assets is not in accordance with the Company’s development direction; therefore, it is deemed appropriate to dispose such asset, which will provide the fund for the

December 2017 93.45 Land that bought from connected persons 41.55 Development cost 254.51 Total cost 389.51 % of investment in Takuni Land 49 Acquisition value 190.86 This transaction together with project

the ongoing management of the product mix and improved assortment planning for all product range. This includes product development under the private brand to enhance the gross margin. In March, the

sale plan to expand customer base of flexible packaging and plastic sack. The company expects from the development as mention above, it will help the company can have better performance and will profit