MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019  Consolidated revenue increased by 161.5% YoY to THB

MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 13 MAY 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 1Q 2019 • Consolidated revenue increased by 149.3% to THB 689mn

1,400mn and media spaces of more than 140,000 sq.m. The Company completed such transaction on 30 June 2017. COMASS (Mega Static Billboard) COMASS (LED Screen)  The Securities and Exchange Commission of

the project has been currently commencing the 2nd phase and will accelerate the construction for the remaining phases until completed all 4 phases. 2. Cost of goods sold and expenses: Consolidated Unit

for the remaining phases until completed all 4 phases. 2. Cost of goods sold and expenses: Consolidated 3 Unit: Million Baht The 3rd quarter of the Year 2020 comparing to 2019 Consolidated Separate

. These transactions were completed on 30 January 2020.  On 30 January 2020, MACO successfully completed the sale of newly issued shares to PlanB. Accordingly, PlanB now holds 19.96% shares in MACO. This

accordance with the second paragraph shall be completed within three months from the end of each accounting period. For each financial year, such preparation shall be completed within twenty-one days from the

variety of distribution channels and nationwide coverage. Whereby Jaymart Mobile Co., Ltd operated the distribution of mobile phones and its accessories is a core company. Non-performing loans management

developed customer- relation management process to systematically and thoroughly identify, analyze and develop marketing strategies over approximately 220,000 shops nationwide domestically with 31

long-term returns. In 2019, CPN progressed with the following asset enhancement initiatives. Renovation programs of existing malls are under way and expects to be completed in 2019 comprising a