summarized below; Million Baht Consolidation Method The Company Q3’2020 Q3’2019 Different Q3’2020 Q3’2019 Different Sales and service income 676 948 (272) -29% 494 782 (288) -37% Cost of sales and services

year. The growth drivers are including of; 1) The consolidation of outdoor media operators, namely in Multi Sign and COMASS, which started in October 2016 and July 2017, respectively. The acquisition has

ongoing revenue recognition of 35 digital billboards, which was rolled out in July 2017 and the full-year consolidation of Co-Mass, which was acquired in June 2017. In this quarter, Billboard media1

growth of 163% YoY and 41% QoQ. This was attributed to the full quarter consolidation of TTTBB's revenue, as well as organic expansion of new subscribers with value packages leveraging on the expanded

% YoY to THB 6,976mn, preeminently due to full year consolidation of the hotel business in Europe and from acquired assets under the Entire Business Transfer of Unicorn Enterprises Limited (EBT of UE

amounting to 4.40 million baht. The Company also saw cash flow from investing activities of 218.90 million covering construction cost for the Studio Park project and acquisitions of rental assets. Finally

Investment Decisions and Disclosure Timing? showed that listed firms have used mergers and acquisitions for business expansion. Therefore, disclosure and quality of information is very important for the

as of September 30, 2019 in amount of 83.0 million baht. Significant transactions were cash paid for acquisitions of land and structures held for future development 71.5 million baht and cash paid for

brief description of such businesses and information on the status of the acquisitions. 6. If any material part of the proceeds is to be used to discharge, reduce or retire indebtedness, describe the

revenue was THB 47mn. In this quarter, MACO recognised the full-quarter consolidation of VGI Global Media (Malaysia) Sdn. Bhd. (“VGM”), which started since July 2019. However, the operation in Malaysia and