- ร่าง - 1 August 14, 2018 Subject Management Discussion and Analysis for the period of three months ended 30th June 2018 To President of the Stock Exchange of Thailand Secretary of the Office of

1 MD&A 2Q 2017 (Ended 30 June 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2017 1 AUG 2017 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Advertising spending reported a decline of 1.4% QoQ

54.2%. If calculating the proportion of gross profit for the non-performing debt management business, the gross profit margin stood at 59.4 percent. Administrative Expenses The Company had administrative

385.75 329.23 56.52 17.17 Other income 1.43 1.13 0.30 26.77 Cost of service 300.99 241.86 59.13 24.45 Expenses of sales 9.81 9.87 (0.06) (0.58) Expenses of management 49.30 43.92 5.38 12.24 Expenses of

year. In 2017, the Company achieved a remarkably success in distress debt management business. The Company achieved its record high in cash collection at 1,847 million Baht. Thanks to distress the

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2019 1 Significant events in the year 2019 1. The shareholding in Bangkok Metro

23 April 2018 At: ACC/HO 016/61 Re: Management Discussion and Analysis for the three-month period ended 31 March 2018 To: President The Stock Exchange of Thailand During the first quarter of 2018 the

Company Limited Management Discussion and Analysis | 7 1H/2019 was at 24.23 Baht/kg, a decrease of 4.50 Baht/kg. or 16% from 1H/2018. Concurrently, the EPPO P2F decreased due to lower of methanol price

Ended December 31, 2018 To The President The Stock Exchange of Thailand Management Discussion and Analysis Consolidated Financial Statements For Financial Year ended December 31, 2018 Overall Group

management of NCL International Logistics Public Company Limited and its subsidiaries (the "Company") on the Company's financial statements for the 12 months ended December 31, 2018 that changed more than 20