SCB Asset Management Co.,Ltd SCB Asset Management Co.,Ltd, as a securities business operator of mutual fund management Ads with data about numbers that represent an estimated return on investment

. Matichon and its affiliated companies tried to find an opportunity to do business, especially becoming a leader in the digital media as well as the most popular news website in the country. The digital media

/19 (Restated) 1Q 2019/20 OOH media 1,009 946 -6.2% 90.3% 68.0% Digital Services 109 445 308.7% 9.7% 32.0% Total revenue 1,118 1,392 24.5% 100.0% 100.0% PERFORMANCE ANALYSIS (1Q 2019/20 vs 1Q 2018/19

China  Changed the status of an investment in Master Ad Public Company Limited (“MACO”)   Realised considerable synergies with PlanB by launching new media packages  Bangkok Takeover and Bangkok Combo

1 MD&A 3Q 2018 (ended 30 September 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2018 6 NOV 2018 MEDIA INDUSTRY Outdoor media has presently become the go-to choice for advertising. It’s

No. MVP005/2020 21 February 2020 Subject: Management Discussion and Analysis for the year ended 31 December 2019 To: President and Manager The Stock Exchange of Thailand M Vision Public Company

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

No. MVP003/2019 26 February 2019 Subject: Management Discussion and Analysis for the year ended 31 December 2018 To: President and Manager The Stock Exchange of Thailand M Vision Public Company

No. 256108004 6 August 2018 Subject: Management Discussion and Analysis for 6-month period ended 30 June 2018 To: President The Stock Exchange of Thailand M Vision Public Company Limited (“the

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD&A 1Q 2018 (ended 31 March 2018) 14 MAY 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The popularity of outdoor media has continuously