abovementioned consolidation. Cost from Trans.Ad Group are naturally higher from computers, software and installation expenses than MACO’s core business in media. Selling, general and administrative expenses (“SG

of loans taken by a project company in USD is aligned with incomes earned in the same currency, which naturally restricts the exchange rate risk of commercially operational projects; and 2) Use of

that are inherently uncertain. These judgments and estimates 8 /8 ( ) Union Textile Industries Public Company Limited : 205 4 . 39.5 10280 . 0 2323 1085..96 : 0 2323 9283 Office & Factory: 205 Moo 4

estimates regarding matters that are inherently uncertain. These judgments and estimates affect reported amounts and disclosures; and actual results could differ from these estimates. Significant judgments