Management Discussion and Analysis 1 Ref: AC.017/2020 18 May 2020 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange

1 Ref: AC.031/2017 15 August 2017 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

1 Ref: AC.042/2017 14 November 2017 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

1 Ref: AC.004/2018 26 February 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

1 Ref: AC.021/2018 14 August 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

Kong. Roctec has an enviable track record as systems controller and media manager of MTR Hong Kong. MACO expects that the investment in Trans.Ad and Roctec will support the expansion of our digital media

1 Ref: AC.028/2018 13 November 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

MELNAKA is controller of the attribution of new mold production with “Mitsubishi Electric” Technology. This connected transactions is a reasonableness for purchasing. 2. When considering the return from the

the acquisition of assets, the total highest size of transactions is 9.40 percent based on the net profit criterion. Please be informed accordingly Yours sincerely (Arin Jamnaree) Financial Controller

) Financial Controller