instruments and revised business conduct regulations to facilitate providing of services in foreign products. Furthermore, the SEC has worked with relevant organizations in preparation for integration of the

is to build a conducive environment to support listed companies in their ESG integration. The social aspect, in particular, includes human rights and gender equality. This is in line with the 20

market is a key mechanism in driving the business sectors, both listed companies and market participants, towards serious integration of ESG factors into their business operations and work processes

oversight 2) Management’s role 1) Risks and opportunities 2) Impact on organization 3) Resilience of strategy 1) Risk identification and assessment processes 2) Risk management processes 3) Integration to

instruments Baa1 Baa1 Baa1 Subordinated debt instruments Baa3 Baa3 Baa3 Outlook Stable Stable Stable Financial strength (BCA) baa2 baa2 baa2 Financial strength outlook Stable Stable Stable Standard & Poor’s

presence in Malaysia and Indonesia, as well as making strategic investments in system integration and printing to support our expansion of our media network for the whole group. In addition, MACO recently

increased by 74.2% YoY to THB 2,954mn o Advertising revenue increased by 28.9% YoY to THB 1,358mn o System integration services revenue increased by 148.5% YoY to THB 1,596mn  Ongoing revenue recognition

economy in the long run. Chairmanûs Message Vijit Supinit Chairman 3 Promoting market integration The SEC has continuously introduced initiatives to enable orderly integration of the Thai market with

YoY with a margin of 43%. Normalized EBITDA was Bt38,659mn increasing 2% YoY, with a margin of 43.7% in line with the full-year guidance of stable YoY. With the 1800MHz spectrum license acquired in Sep

, increasing +96.2% YoY. The gross profit margin was relatively stable as high proportion of the costs was revenue sharing costs to marketing partners which vary according to the income. Services income from