acquisition of dried fruit business and acquisition 51% additional ordinary shares (Registered and Paid-up Capital) of Fruity Dry Company Limited Attn.: The President The Stock Exchange of Thailand Global

. The main reason that the revenue from sales has decreased due to the Rubber wood kiln dried sawn timber which is the main business of the company in 2018 has highly volatility of the market that caused

the period, the Company acquired dried fruits business and a decrease in loss from restaurant business. At the present, the revenue from packaging business of totally 144.20 million Baht or 36.01% of

wood kiln dried sawn timber which is the main business of the company. The business was impacted by volatility caused since 2019 as a result of trade war between United States and China, where China was

Company has decreased Rubber Wood Kiln Dried Sawn Timber in export due to majority of customers in China have requested to delay the shipments because customers are in process of improving environment in

% YoY. Nevertheless, Outdoor media - our focus segment- recorded THB 1,525mn in advertising expenditure, an increase of 3.8% QoQ and 11.0% YoY, benefiting from a shift in people’s behavior to spend more

share, declined by 25.5% YoY to THB 3,418mn. Nevertheless, Out-of-home media, which includes Transit, Outdoor and In-store media (collectively, “OOH”) bucked the trend, increased by 12.7% YoY to THB

business which is the main income of the Company has decreased the export of Rubber Wood Kiln Dried Sawn Timber due to majority of customers in China have requested to delay the shipments but the company had

Dried Sawn Timber due to majority of customers in China have requested to delay the shipments and also revenue of real estate business decreased cause the sale of real estate decreased but the company had

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD&A 1Q 2018 (ended 31 March 2018) 14 MAY 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The popularity of outdoor media has continuously