expanding of the export sector. For the banking sector, in the third quarter of 2017, the overall of commercial bank lending increased from the previous quarter. The main focus is on the export sector

including: o Corpus Christi JV, US – will create new and exciting ways to serve our customer needs by expanding our PTA-PET asset base in the Americas. o Brazil PET (completed 24 May, 2018) – creates entry

management while expanding into profitable segment with higher asset quality taking in careful considerations the economic conditions. The overall Bank’s loan portfolio as of end of 3Q20 expanded by 8.2% 2

and education). • Millicom’s investments in spectrum add to the company’s objective of improving mobile connectivity and expanding coverage to more people. Empowering women Connected women • Training

of Shopping Mall, Convention Hall, Hotel and Residence under the concept of ‘The Prosperity of Ayutthaya’ with targeted opening in 2021. 2.) CentralPlaza Si Racha mixed-use project comprises of

expanding construction business group supporting the EEC project. In terms of economic stability, employment rate decreased following to the economic situation while the cost of production reduced, especially

the Group to expand its media offerings on a massive scale. MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD PUBLIC COMPANY LIMITED 2 INTERNATIONAL MARKET – EXPANDING INTERNATIONALLY ACROSS

expanding of production line. By the way, no significant change in sales and service income of Quarter 4 compared to Quarter 3 2019, except sales of electricity of Solar Energy Power Plant which increase by

growth in business operations. In addition, such increase in total asset also resulted from our investments in expanding production capacities at Bangpakong, Chacheungsao province. Total liabilities were

expanding production capacities at Bangpakong, Chacheungsao province. - Translation - Page 6 of 6 Total liabilities were THB 4,436 million, up by THB 1,757 million or 65.6% from THB 2,679 million as of 31