and cloudy sky from April to June 2018 1.3) Revenue from Real Estate Development decrease THB 62.67 million due to the Quarter 2/2018 its subsidiaries cannot recognize revenue from selling of real

MEDIA PUBLIC COMPANY LIMITED Management Discussion and Analysis of the Company’s Performance for the three-month period ended March 31, 2020 Baht Million 31 Dec 2019 31 Mar 2020 +/(-) +/(-)% Assets Cash

. Domestic demand continued to expand from private consumption and public spending, while private investment contracted especially in real estate sector in line with decline in the supply of new real estate

Calculation and Transaction Size Items Detail Financial Statement as of 31 December 2019 Assets (Baht) – (1) 2,310,264,818 Liabilities (Baht) – (2) 1,027,131,128 Intangible Asset (Baht) – (3) 32,479,509

assets) in property, plant and equipment (PP&E), THB 3,074.39 million (15.45% of total assets) in investments in associated companies, THB 549.52 million (2.76% of total assets) in grandparent chicken and

x 100 8,915.85 = 4.57% 3.2.4 Value of securities a listed company issues to pay for asset acquisition Transaction size = Number of shares issued by the Company to pay for the assets x 100% Number of

Ref. WINNER 0009/20108 Page 1 of 8 Disclosures on the asset acquisition of Winner Group Enterprise Public Company Limited on share purchase of Aesthetic Zecret (At-Ze) Company Limited (Schedule 1

Ref. WINNER 0009/20108 Page 1 of 10 Disclosures on the asset acquisition of Winner Group Enterprise Public Company Limited on share purchase of Aesthetic Zecret (At-Ze) Company Limited (Schedule 1

229.91 242.67 3.10 1.3% 1.2 Real estate 8.64 27.28 18.17 (18.64) -68.3% 1.3 Total income 241.65 257.19 260.84 (15.54) -6.0% 2. Gross profit (% of sales) 2.1 Construction material 77.95 (33.5%) 83.77 (36.4

248.90 274.09 (41.46) (17%) 1.2 Real estate 16.22 26.69 18.55 (10.68) (40%) 1.3 Total income 223.66 275.59 292.64 (52.14) (19%) 2. Gross profit (% of sales) 2.1 Construction material 33.42% 37.80% 38.00