under common control of THB 11.93 million. The Company’s shareholders’ equity remained unchanged from the end of previous year. 8 I 9 Management Discussion & Analysis 2023 Unit December 31, 2022 December

363,761 80 % 369,824 81 % Retained earnings 65,515 14 % 60,257 13 % Others 25,163 5.5 % 25,131 5.5 % Total Equity 90,678 20 % 85,388 19 % 1Q24 MD&A Advanced Info Service Plc. 7 2024 Guidance (Unchanged

in sales per booth. • Revenue from Franchising in Q1/2024 was THB 5 million, unchanged from Q1/2023 Q1/2024 vs Q1/2023YoY +32% Unit: THB Million 4 228 263 300 274 300 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 2

whether the nature of the estimate or assumption is material because of the subjectivity and judgment required to account for highly uncertain matters, as well as whether the estimate or assumption will

Thailand. The Bank of Thailand revised down the projection of overall economy for 2020 to contract 7.8% (as of September 2020) from the earlier forecast of 8.1%. But the fragile labor market, uncertain

continued to contract, especially investments in machinery and capital goods. The delays in business investment were attributable to weak demand and concerns over the uncertain economic outlook in the period

highly uncertain situation. V2 27/08/63 5 Operating Income and Expenses of the Bank and its Subsidiaries Million Baht Quarter Change (%) H1 Change 2/2020 1/2020 2/2019 1/2020 2/2019 2020 2019 (%) Net

RTD fruit juice market continued to decrease 10 % YoY but unchanged QoQ. Meanwhile, Moving Annual Total (MAT) December 2018 of domestic RTD fruit juice market was Baht 11,425 million, a decrease of 11

. Integrated Oxides and Derivatives EO, which represents around 40% of total production volume has performed well. EO margins have remained relatively stable, which is reflected in its unchanged EBITDA

, respectively. The Company plans to launch the residential project sales as soon as the sales gallery and mock-up rooms are completed in mid- 2020. The project completion schedule remains unchanged, including the