(UNOFFICIAL TRANSLATION) (Updated 2015) 4. Certification of Leader of Audit Firm Date ........ Month ............ Year.......... To: Secretary-General Office of the Securities and Exchange Commission
, the Company has continually expanded its business by coinvesting with Real Foods (Pty) Ltd., a leader in South Africa’s healthy food market, to operate a healthy food business in Thailand. In terms of
performance, please see 2Q 2017 performance analysis. Despite the lower-than-expected recovery of advertising spending during the first half of 2017, the Company expects to see an improvement in advertising
(Normal + Xday) could be equal to 97.25 in the second quarter of 2019 which was an average closed to the previous quarter. The collection of bad debt recovery in the second quarter of 2019 had clearly
2020/21, the Company sees a positive sentiment from the Prowtech’s operation due to a sign of recovery in Outdoor media demand. Therefore, MACO will initially invest 15.0% in VGI Vietnam from subscribing
including public or private sectors, the Company has been focusing on strategic adjustment in this crisis to maintain the number 1 leader in online top-up kiosk and bill payment business, emphasizing on
cases in Thailand tends to decrease while there are a lot of cases in other countries, the Company expects that the recovery of Thailand tourism industry in 3 phases. Phase 1: The next 6 months from now
1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2017 MD&A FY 2017 (ended 31 December 2017) 12 FEB 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Thailand’s economic recovery remained on track and