, image or in any other form conveying content by its own nature or by any means. “advertising through media” means an advertising of offer for sale of units through newspapers, advertising boards, radio

2020/21, the Company sees a positive sentiment from the Prowtech’s operation due to a sign of recovery in Outdoor media demand. Therefore, MACO will initially invest 15.0% in VGI Vietnam from subscribing

Media Management and Service Agreement (“Agreement”) with Plan B Media Public Company Limited (“PlanB”). Under this Agreement, PlanB became the exclusive assets manager for all MACO’s media in Thailand

., Ltd. (“WCIG”) decrease from last year because the company changed in business model from company owned to franchise model since 2017. In addition, due to highly competitive (both direct and indirect

competitive landscape remains challenging. We saw particular weakness in the steel sector as uncertainty led to reduced production and after a record sugar season in 2018 this sector has been behind our

$#()*)"% (economy of scale) ( +M$+$S"/+(.% ')'#+"%N strategic focus #$' KQ%OL - competitive positioning - product innovation - pricing of services - technology enhancement .' - cost control 7 +M$()*' strategic

Baht 123 million decreased by 42% in comparison with the previous year. Due to highly competitive market in beauty business (both direct and indirect competitors); hospitals are also developing as

(“NBC”) in the total value of 70.00 million Baht having details as follows: 1) the Company to sell the “Komchadluek” trademark to NBC; and 2) the Company to procure Komchadluek Media Co., Ltd. (“KMM”), a

competitive advantage and promoting mutual business development. 2. To allow the Company to sell land and building in Lamphun Province to Saha Pathanapibul Plc. which is within the scope of a related

year, or 34.4% due to the opening of the new club house in February 2018. The new club house was enable the Company to increase its competitive advantage in services of both golf course and restaurant