volume by 13,023.43 %. The Company has started selling refined glycerine in the 4th quarter of 2019 onwards. 1.4 Sea Freight Service AI Logistic Company Limited (“AIL”), the Company’s subsidiary, has

sell by-products that excess the need of its biodiesel and refined glycerine productions. 1.2 Sea Freight Service The Company’s subsidiary (“AIL”) has ceased its operation and in the process of

Management Discussion and Analysis, Q1/2020 Page 1/4 JMT Network Services Public Company Limited - Translation - Ref: IR63/009 13 May 2020 Subject: Management Discussion and Analysis, 1st Quarter

- TFRS 16) was Bt28,423mn, declined -8.9%YoY while CAPEX was Bt35bn for 5G/4G network and FBB in-line with guidance. For FY21, AIS aims to strengthen leadership with 5G service to capture high- value

guidance of +7-8% YoY. In 1Q18, AIS spent Bt6.5bn of CAPEX to deliver quality 4G network and has been active in reinforcing brand image especially via online media. As a result, mobile business grew 3.1% YoY

network on the contiguous 2x20MHz bandwidth on 1800MHz, giving 15- 30% speed increase for all 4G users. With the current spectrum portfolio comprising 900/1800/2100MHz, we aim to continue delivering leading

network expansion led to increasing cost of service 3.9%YoY and 3.4%QoQ; however, SG&A was well-managed and dropped -12%YoY and -8.8%QoQ, resulted in stabilized EBITDA with -0.9%YoY and +1.6%QoQ. Net profit

% YoY and 14% QoQ. Cost optimization was continued even as we expanded our 5G network, resulting in increased cost of service (+5.3% YoY, +2% QoQ) but lower SG&A (-13% YoY, +1.8% QoQ). Our reported NPAT

, the growth in APRU continued to be affected by the ongoing intensity of market competition. For 5G service, our 5G network continued to expand with >23k BTS and reached 81% of the population as we aim

including a subsidy for the network rental expenditures in accordance with a national commercial digital terrestrial television broadcasting network service to the licensees over the remaining period of the