&A 1Q 2018 (ended 31 March 2018) 14 MAY 2018 IMPORTANT EVENTS IN 1Q 2018 - After the first introduction of 21 large-format digital screens (also known as CBD LED network) back in July 2017, MACO has

reached the invoice. As the result, cash and cash equivalents decreased. Unbilled Receivables increased by 322.9 MB or 74.4%, due to the large project that had been implemented and recognized the revenue by

get payment from those projects. As the result, cash and cash equivalents decreased. Trade receivables decreased by 134.3 MB or decrease of 5.9%, due to the large project that had been implemented and

previous year amounting to Baht 553 million. It was due to the projects that occurred in the previous year were 2 large projects while the projects that occurred in this year were many small to medium

decrease of Baht 56 million or a decrease of 14% compared to that of the previous year amounting to Baht 394 million. The decline was mainly due to the relocation of the production base of a former large

than Q4-2021 and Q1-2021, in fact, the large projects have already been delivered in 2021. Major projects delivered in this quarter such as the Project of information and communication technology

Power Plant Project in the Republic of Indonesia On April 7, 2017, RH International (Singapore) Corporation Pte. Ltd. (“RHIS”), an indirect subsidiary, entered into a Joint Venture Agreement to establish

the EXAT to compensate the Company for damages as follows: 1) Damages, together with interest, amounting to Baht 1,048 Million, and default interest under the Second Stage Expressway Agreement on such

12.3% Revenue from finance lease under power purchase agreement 103.2 101.6 104.9 3.2% 1.6% 306.9 305.7 (0.4%) Revenue from construction under a concession arrangement 215.0 - - - N.A.(

2.8% Revenue from finance lease under power purchase agreement 95.3 102.4 104.5 2.1% 9.7% 197.6 206.9 4.7% Cost of sales and services (1,174.0) (1,274.4) (1,191.7) (6.5%) 1.5% (2,323.4) (2,466.2) 6.1