and services, enhance and scale up operations, and build reputation and brand. • Ideally an impact measurement framework should be created before starting operations, but this does not mean that it

Building Confidence in the Capital Market No. 5/2018 SEC grants a second extension to the submission deadline for PACE clarification of the fair value measurement of its investment Bangkok, 22

Building Confidence in the Capital Market No. 127/2017 SEC extends the deadline for PACE clarification of the fair value measurement of its investment Bangkok, 8 December 2017 – The SEC has granted

Building Confidence in the Capital Market No. 115/2017 SEC notifies PACE to clarify the fair value measurement of its investment Bangkok, 16 November 2017 – The SEC has notified Pace Development

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

sustainability at Central Pattana Slide 8 Slide 9 Slide 10 Slide 11 Slide 12 Slide 13 Slide 14 Slide 15 Slide 16 Slide 17 Slide 18 Slide 19: Our IMPACT Measurement

sustainability at Central Pattana Slide 6 Slide 7 Slide 8 Slide 9 Slide 10 Slide 11 Slide 12 Slide 13 Slide 14 Slide 15 Slide 16 Slide 17 Slide 18: Our IMPACT Measurement

measurement of the identifiable assets acquired and the liabilities assumed at the acquisition date, and the measurement of goodwill of the hotel business in Europe was completed last quarter. The revenue

increase of 463.3 MB and 700.2 MB or increase of 36.6% and 68.0%, respectively. This is because the Company had delivered many large-scale projects which had just been auctioned in early 2019. Those large

expenses Loss from fair value measurement of derivatives 17,773 7,197 15,725 - 13.02 - Net profit (loss) (3,672) (261) (1,306.90)  Revenue from sales and services decreased by 27.24%, this is due to the