due to THB appreciation against EUR and GBP • Net debt to equity ratio as of 30 June 2019 was 0.56x, comparing with 0.55x at the end of last year SIGNIFICANT EVENTS 4 major renovation works of Vienna

, only one project is completed i.e. Lumpini Ville Ratchaphruek-Bang waek with the value of 1,300 million THB. The gross profit is still maintained at 30% of income. In Q2/2017, three projects are launched

or 6.70%. In Q3/2017, none of the projects will be completed and handed over. It will be the income recognition of the projects that are completed in the previous period. The Company has launched one

2. Operating results of the three months ended March 31st Descr iption First quarter of 2020 First quarter of 2019 Profit (Loss) for three months attributable to equity holders of the Company (from

expansion and acquisition of Thai food business completed in 4Q16. Finance Expenses Financial expenses increased during the period from THB 17.4 Mn in 2016 to THB 24.5 Mn in 2017 from increased short-term

transfer of real estate which decrease by 1,487.34 million baht or a decrease of 55.48% from the previous year. As a result, the company has not yet completed a new condominium. Resulting in a decrease in

of profit from investments in associates, net - 133 (133) -100.0 Non-controlling interests of the subsidiaries (3) (3) - - Profit attributable to Equity holders of the Company 937 3,119 (2,182) -70.0

13.5% to THB 44mn • Dividend payment of 0.02 per share to be paid on 17 May 2019 KEY BUSINESS UPDATE THAILAND • MACO has completed the digital installation of its street furniture media at 23 BTS

Property Business: the Company will be able to record the revenue from sales of residential condominium units in the statement of comprehensive income when the real estate project has been completed and

process was completed in February 2018. The proceed was used for the debenture dues in Jan 2018 and partially repaid the short-term loans to financial institutions. In Q1 2017, the Company announced 2 new