product portfolio. MACO is now also exploring potential opportunities to expand our network to neighboring countries in Southeast Asian. We are responding to robust economic growth in the region and the

expected benefits from the transaction are 1) increasing exposure to new opportunities in overseas markets, especially in South East Asia countries where the advertising market is still immature, 2

for the slowdown in sales in China. The Company is committed to expanding further to other potential countries and is in the process of conducting market feasibility studies in certain markets. Apart

Health Organization declared the Coronavirus (“COVID-19”) outbreak as a pandemic which resulted in travel restriction, lockdown and other precautionary measures imposed in various countries including

of income. However, the gross margin was decreased due to the service work performed in foreign countries of which cost was higher than the service work performed within the country. Loss in impairment

contractor’s equipment and meterials manufacture dalay delivery as well because it located in countries which still has serious of COVID- 19 outbreak. Last, due to the government preventive policy, main

popular with customers now. There are new customers from the referral of Page 2 from 5 existing customers and after the COVID-19 period, China has relocated production base to Southeast Asian countries. As

. The Fourth quarter is, in general, the peak season of Thailand, Maldives and Mauritius where we have 6 hotels in those countries. CROSSROADS – our first integrated tourist facilities in Maldives – is

businesses. Hospitality Business At the end of 1Q19, the Company’s total hotels reached 37 hotels with 4,271 keys covering 5 countries – Thai, Maldives, Mauritius, Fiji, and United Kingdom. Hospitality

keys covering 5 countries – Thai, Maldives, Mauritius, Fiji, and United Kingdom. Hospitality business generated THB 779m in 2Q19 or 132% increased from 2Q18. The acquisition of 6 Outrigger hotels on 12