Company Limited (“VGI”), a major shareholder of the Company (as detailed in the Information Memorandum on Connected Transaction and Asset Acquisition of Master Ad Public Company Limited (Enclosure 3)) (the

1.78 times in 2017 due to the reduction of the account payables which was lower than the reduction of the shareholder equity to be mentioned in the next item. Shareholders’ Equity As ended June 30, 2018

-current liabilities 37.56 1.49% 36.51 1.55% TOTAL LIABILITIES 810.54 32.09% 677.43 28.68% SHAREHOLDERS’ EQUITY Shareholder equity 383.00 383.00 Registered capital Issued and Paid up capital 383.00 15.16

. Shareholder equity increased in-line with the additional net result. Balance Sheet Summary as of 30 June 2018 compared to 31 December 2017: 3.3. Cash Flow Analysis Cash and cash equivalents in 2Q 2018 increased

interim dividend of six month performance at the amount 2.35 baht per share or 32.8% payout ratio. The shareholder register book for the right to receive dividends shall be recorded on October 19, 2018 (XD

Liabilities from the water business amounted Baht 324.5 million. 21,378 8,801 12,577 23,137.0 9,696.8 13,440.2 0 5,000 10,000 15,000 20,000 25,000 Total Assets Total Liabilities Total Shareholder Equity 31-Dec

pay for a fuel shipment during the quarter. Also, an increase in long-term liabilities due to the 330mTHB term loan used to acquire Saraburi Quicklime impacted total liabilities. Shareholder equity

, since MK is considered to have business potential and growth prospect. Expected Benefits to the Shareholder The shareholders will have opportunities to receive additional return through the Company’s

names appear in the shareholder register as of March 13, 2019 for 280 Million shares at 0.10 Baht per share. Totaling of Baht 28.00 Million on May 17, 2019. o The Group's operating results with net profit

. However, the weighted 78,344.9 47,330.9 31,014.1 82,263.8 49,163.2 33,100.6 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 Total Assets Total Liabilities Total Shareholder Equity 2018 2019