of THB 521 million whereas there was the dividend payment of THB 259 million as per Annual General Meeting on March 21, 2017 resolution and the interim dividend payment of THB 154 million as the

No. ED-MD2020-0008 March 12, 2020 Subject: Announcement of schedule AGM for the year 2020 and omission of dividend for year 2019. Attention: The President,The Stock Exchange of Thailand The Meeting

interest was THB 39mn  Interim dividend payment of THB 0.012 per share to be paid on 6 September 2019 KEY BUSINESS UPDATE THAILAND  MACO has successfully installed 180 Lightboxes and 42 LED Screens of

dividend income 134.31 113.02 21.29 18.8 Other income 7.95 99.57 (91.62) (92.0) Total revenues 3,819.56 4,018.40 (198.84) (4.9) Cost of sales and rendering of services (excluding Fuel Cost) 1,128.15 1,302.41

THB mm % % THB mm THB mm % Dividend and management income 132.0 81.5 114.1 (13.6%) 40.0% 200.8 195.5 (2.6%) Others 177.1 264.2 121.3 (31.5%) (54.1%) 223.2 385.5 72.7% Total other income 309.1 345.7

) (53.3) 58.40 108.76 (50.36) (46.3) Dividend income 61.18 100.88 (39.70) (39.4) 61.18 100.88 (39.70) (39.4) Other income 30.00 12.89 17.11 132.7 40.85 25.12 15.73 62.6 Total revenues 3,695.63 4,387.88

, the Company recorded dividend income in the amount of THB 540.27 million. Management Discussion and Analysis For the 1st Quarter Ended 31 March, 2020 Page 9 3.2 Analysis of liabilities and equity As at

higher financing cost from additional interest- bearing debt following the acquisition of GLAND in September 2018 and new loan for business expansion to generate new revenue stream. CPN continues to

1,839.6 34.5 1.9 Income tax expenses 93.1 472.0 (378.9) (80.3) Less: Dividend income 418.6 389.6 29.0 7.4 Interest received 114.0 116.8 (2.8) (2.4) Gain on exchange rate 164.7 55.7 109.0 195.8 Non-operating

wide range of economic activities, weakening purchasing powers, lowering household income, increasing number of laid off labors, high debt burden, and lowest consumers’ confidence in more than 21 years