million shift was mainly due to new expenses from new head quarter, more staff hiring in headquarter to serve expansion and new business plan and asset write-off. The percentage of Admin. / sales from 15

. 2018 The Admin. in 9-month/ 2018 was THB 106.6 million and THB 75.45 million in 9-month/ 2017. The THB 31.15 million shift was mainly due to Don Muang closure expense in June resulting in THB 4.24

closure of non- performing stores and a shift to delivery service. Other business units Unit: Million Baht Q1/2020 Q1/2019 %YoY Q4/2019 %QoQ Revenue from other businesses 9.22 8.84 4% 10.14 (9%) EBITDA

continuously. In addition, there was another revenue form property management business which was operated by Prospect Development. The operation of both companies helped to improve MK Group’s image. This year

office buildings for the Company’s utilization and business expansion. Furthermore, the characteristics of the building also serve to promote the Company’s good image, and its location is convenient. The

promote the Company’s good image, and its location is convenient. The rent rate of Baht 400 per square meter per month is deemed to be the common rate in the ordinary course of business. The common and

หน้าที่บริหาร siriporn Placed Image

ร้อยละ 16.03 ในปี 2560 เป็นร้อยละ 24.75 ในปี 2561 จึงเรียนมาเพื่อโปรดทราบ ขอแสดงความนบัถือ นายสนุทร เดน่ธรรม ประธานเจ้าหน้าที่บริหาร Siriporn Placed Image

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

public area and security. The improvement of after sale services created a good image for MK housing project. In the long run, this would increase sale of real business continuously. However, the