% from 2018, corresponding to the increase in sales. • However, gross profit margin in Q4/2019 dropped by 0.5% from Q4/2018 and by 2.1% from 2018. • The decrease in gross profit margin was mainly from the

. 1Q21 Financial Summary Revenue For 1Q21, AIS reported a total revenue of Bt45,861mn, increasing 7%YoY from higher handset sales offset by lower core service revenue with continued impact from COVID-19

lower sales in OEM-Personal care business. Q3’19 the Company’s gross margin improved to 34.6%, +280 bps YoY. This level of gross margin has been sustained since Q4’18 thanks to “Fit Fast Firm” project

Increase (Decrease) Million baht Million baht Million baht % Total revenue 388.06 819.95 (431.89) (52.67) Cost of sales and services 390.44 656.76 (266.32) (40.55) Sales and Administration Expenses and

grow at a slower pace, likely to fall below the lower end of the projection range of 2.5-3.0 percent, beset by the COVID-19 outbreak, the gloal economic slowdown, delay in the implementation of 2020

public investment is anticipated to grow at the lower rate compared to last year due to the delay of extra-budget disbursement. For internal stability, headline inflation is predicted to reach 0.7 percent

due to higher network depreciation. SG&A stood at Bt19,327mn, rising 3.1% YoY mainly from higher staff cost and the one-time admin expense in 3Q18, offset by lower marketing expenses. As a result

sectors. Manufacturing and exports contracted due to lower demands and shortage of raw materials and components from suppliers closed down due to the quarantine. Private investments and employment also

liabilities 438.01 479.18 434.05 110.09 Non-current liabilities 37.94 37.98 38.67 39.48 Total liabilities 475.94 517.16 472.72 149.58 Authorized Capital 409.52 409.52 409.52 376.12 Paid-Up Capital 343.89 343.89

authorized to have the power to consider and determine conditions and details pertaining to such capital increase, including changes in language or wording in the documents, minutes of the shareholders