0.5% in domestic business. However, the domestic operation still showed a recovery quarter- on-quarter, with a growth of 4.7% from the 2Q/2019. Overseas sales were THB 1,780 million, increased by THB

loans from financial institutions of THB 1,044mn, which was partially offset by repayment of loans from financial institutions THB (1,735)mn. BUSINESS PLAN AND OUTLOOK In 2020, our Hospitality business

team constantly monitor the situation to manage and mitigate risks, assess the impact on the business and ensure that the operations complied with additional health and safety measures announced by the

customers and employees. The Group constantly monitors the situation to manage and mitigate risks, assess the impact on the business, and ensure that the operations comply with additional health and safety

1 MD&A 2Q 2017 (Ended 30 June 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2017 1 AUG 2017 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Advertising spending reported a decline of 1.4% QoQ

Equity Branches at Period End (1) (Branch) 101 129 Number of Franchise Branches at Period End (Branch) 136 146 Sales from Restaurant Business During the Period (THB Mn) 1,336.1 1,345.3 Same-Store Sales

% compared to the same period last year as sales in China stagnated since the end of last year. Nevertheless, the Company’s business expansion to the Philippines helps extend the customer base and diversify

targeting tourists and focusing on duty free shop distribution. Table 1 : Sales Revenue by Product Line for the Three Months Period Ended 30 June Product Line/ Business Group Consolidated financial statements

informed accordingly. Very truly yours, (Mr. Jakkaphong Jakrajutatip) Chief Executive Officer and Managing Director 3 Attachment 1 Information Memorandum on Connected Transactions of JKN Global Media Public

baht, or 30.3% compared on the same period from last year. Due to the situation of COVID-19 causing the business to slow down, however, the company still has the ability to make PAGE 5 profit