cannot generate revenue immediately; some investments are not fully utilized or have not reached an optimal level yet; and some projects are delayed. Thus, costs per unit climbed up at this point; 4

the Provinces? Project where more than 30 Project participants has listed their shares while the ?Pride in Thai Innovative and Creative Businesses? Project has been launched to support expansion of

of the Provinces? Project where more than 30 Project participants has listed their shares while the ?Pride in Thai Innovative and Creative Businesses? Project has been launched to support expansion of

priority to maintain interest-bearing debt to equity ratio in an optimal level. At the end of the year, interest-bearing debt to equity ratio was 1.17. During the past 3 years, MK Group was able to improve

optimal level. At the end of third quarter, the ratio was 1.15x lower than 1.17x at the end of last year. During the first 9 months of this year, total revenues increased by THB 197 .02 million. For the

6.5%, declining from 8.1% of the previous year. However, the Company gave priority to maintain interest-bearing debt to equity ratio in an optimal level. At the end of the third quarter, interest

optimal level yet. Therefore, cost per unit was higher at this point, which should continue to impact the Company’s performance for the short term. However, the Company’s operating performance is expected

ratio in the optimal level. As of 31 December 2019, the ratio was 1.32x. During the past 4 years, MK Group was able to improve its gross profit margin continuously and increase the service income over

Street Furniture media under 22 BTS stations allowing MACO to offer higher visual impact advertising and more creative content for brands. Street Furniture media has already started commercialisation in

?Pride in Thai Innovative and Creative Businesses? Project has been launched to support expansion of those businesses. Furthermore, crowdfunding regulations have recently be enacted in support of new