management have handled the situation prudently and carefully. We have been focusing mainly on the financial health of the company including managing fixed and variable cost as well as liquidity management

acquisition of assets in accordance with the Notification of the Capital Market Supervisory Board No. TorJor. 20/ 2551 re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of

offer does not exceed Baht 350,000,000. This share offer will be made to public investors who are not connected persons of the Company, as prescribed in the Notification of Capital Market Supervisory

land (No. 97,98) East Next to owned land (No. 222) The mentioned transaction is considered as connected transaction pursuant to the Notification of the Capital Market Supervisory Board No. ThorJor. 21

11 FEB 2019 1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2018 MD&A FY 2018 (ended 31 December 2018) MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The overall Thai advertising market has been

not have any relationship with the Company or the Subsidiary. The Transaction, therefore, is not considered a connected transaction under the Notification of the Capital Market Supervisory Board No. Tor

several projects as well as the subsidiaries has direction of revenue to grow well and continuously. This is resulted from the open of market to new customers of dialysis solution in the end of previous

accordingly. Yours faithfully, (Mr. Geza Emil Perlaki) Managing Director 1 NO. (SUTHA-SET) 009/2019/EN Attachment 1 Information Memorandum of the Purchase and Acquisition of Entire Business Transfer from

, aluminum products which are coil and sheet and as the main product groups. Selling price has also decreased according to the raw material prices in the world market, together with higher competition when

land (No. 222) The mentioned transaction is considered as connected transaction pursuant to the Notification of the Capital Market Supervisory Board No. ThorJor. 21/2551 Re: Rules on Connected