the ratio of 77 percent of the registered capital. The objective of business to open the  Infertility Center for support services both in Thailand and overseas.    9. Source of Investment   Working

 and overseas.    9. Source of Investment   Working capital of the Company.    10. Opinion of the Board of Directors  The Board of Directors had considered the proposed transaction and had the opinion

and Installation machine business. 2. Eureka Design International Pte,.Ltd. (Singapore) , Investment in overseas business. This disposition is considered as the assets disposition transaction of listed

capture growth and bolster our leadership in OOH media business in overseas markets. BUSINESS OVERVIEW AFTER THE RESTRUCTURING MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY

from foreign exchange by hedging to every payment from overseas, only recognized the income into the account. Cost of Goods Sold The company had the cost of goods sold as 193.84 million baht, decreased

decreased from 4.23 % during the same period of last year. The SG&A was mainly in related to the consolidated expense of supporting the Company itself and its overseas subsidiaries as well as marketing and

business grew 8.7% at constant FX rate. However, the reported overseas sales were slightly dropped due to the unfavorable FX impact. Beverage Segment Total beverage revenues increased by THB 268 million (or

including overseas business, and the cost is allocated to the subsidiaries of AFS group. Name, position and shareholding proportion of the connected persons Note: 1 Mr. Hideki Wakabayashi is the Chairman of

abroad sales and lower revenue recognition from overseas sales resulting from Thai Baht appreciation against 3 main currencies (USD, EUR, and AUD) even though having higher export volume compared to the

ญ่ีปุ่น และมีแผน ท่ีจะเปิดใหบ้ริการในออสเตรเลีย และนิวซีแลนด์ ทั้งน้ี Dusit Overseas Company Limited ซ่ึงเป็นบริษทัยอ่ยของ บริษทัท่ีจดทะเบียนท่ีฮ่องกง ไดล้งนามในสัญญาซ้ือขายหุน้ในวนัท่ี 7 กนัยายน 2561