, which gives the highest transaction value. After computation of the foregoing with the transaction size of the Company’s other acquisition transactions within the past 6 months prior to entering into the

to an increase in EBITDA from end of year 2018 of 24.05 percent and a decrease in interest on loan payment of 22.20 percent but the financial lease liabilities due within one year increased by 13.64

EBITDA from end of year 2018 of 69.02 percent but increase in financial lease liabilities due within one year of 16.31 percent and an increase in annualized interest on loan payment of 7.80 percent. (5

were higher than the selling price in the 1st quarter of 2019. However, the Company had been managed inventories turnover rate not over than 0.70 time or within 45 days, in order to reduce the risk of

2017 of 21.88 percent, an decrease in long-term loan and financial lease liabilities due within one year of 24 percent and a decrease in loan interest payment of 36.21 percent. (5) Debt Obligation The

continued to be key growth drivers of our performance in 2Q 2018. 2 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 IMPORTANT EVENTS IN 2Q 2018 - In May

of the project will be used as a guideline for smart city development to create the new standards of production, commerce, and residence in all angles in accordance with the demand and growth of

would be contained within the second quarter of 2020 while only taking into account the results of relief measures that the government has already implemented). The International Monetary Fund (IMF

. Even though both related transactions did not occur within the six months period and both transactions were approved by the Company’s Board of Directors’ Meetings as stated above. Nevertheless, both

consideration by shareholders. Even though both related transactions did not occur within the six months period and both transactions were approved by the Company’s Board of Directors’ Meetings as stated above