Management Discussion and Analysis for Interim Business Operations 2019 % 2018 % Inc./(Dec.) % Construction Income 44.36 86.52 35.57 96.14 8.79 24.71 Service Income 5.94 11.59 0.00 0.00 5.94 #DIV/0

“Company”) would like to notify the Stock Exchange of Thailand regarding the business operation for the 2nd Quarter of the year 2019 ended 30 June 2019 as follows; Total Revenue The Company has the total

construction business, gross profit margin improved from 7.88% to 8.35%. Revenues from construction services and sales of construction materials For the first half of 2019, the Company and its subsidiaries

years rental contract from August 1st, 2019 until July 1st, 2022, to be used as the Company’s headquarter for contacting, coordinating, and conducting business and documentation. The transaction is under

for the further proceeding of the Hospital’s business. According to the details mentioned below: Business type : for establish the Hospital’s business; for overnight patients bed size : 29 beds under

of the product to the worldwide level and increase competence and capability of the company continuously and sustainably. 2. Business Outlook on Q2/2018 Management’s Discussion and Analysis (MD&A) For

9. Opinion of the Board of Director The Board of Director has considered the reason and necessity and resolved that this financial assistance deemed appropriate reasonable and beneficial to business

the Board of Director The Board of Director has considered the reason and necessity and resolved that this financial assistance deemed appropriate reasonable and beneficial to business operation and

associate to investment in a subsidiary. Landy is in the office rental business which own MACO headquarter office. - On 29 June 2018, Green Ad Company Limited, a wholly-owned subsidiary of MACO, has

management to sign on the Technical Cooperation Agreement Hwa Fong Rubber Industry Co., Ltd. For the reasons mentioned above. This transaction is also considered as business promotion with is reasonable and