DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 SEPTEMBER 2017 3. Financial highlights (based on Thai FRS) Q3 2017 Financial Position Summary as of 30 September 2017 compared to Q3 2016: Q3 2017 Q3 2016 YoY change

1 Ref: AC.017/2018 14 May 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

customer from 2019 to mid of 2020 due to eminent domain problem. Revenue from sale of electricity rose by 8.69% as a result of ongoing repair and maintenance of the overall power generator which gradually

problem. Revenue from sale of electricity rose by 8.69% as a result of ongoing repair and maintenance of the overall power generator which gradually improve power supply capacity and escalate power to grid

operations. With AIS’s investment in 5G to strengthen leading position, cost of service increased 4.1% YoY. However, overall SG&A expenses were optimized during prolonged pandemics, dropping by -13% YoY to

analysis of consolidated financial position as at 30 June 2017 ..................................................................... 3 The analysis of operating result for six months

. Solid demand for home connectivity driven by pandemic AIS Fibre, fixed broadband business (FBB), continued growing strongly with subscriber growth of 29% vs overall market growth of 10-12% driven by

comparison to the same period of the previous year. Executive Summary 2 Overall Operating Results of the Company in Q4/2020 (THB million) YoY YE Operating Revenue 283 207 (27%) 1,194 768 (36%) Gross Profit 181

and the past maintenance while the overall of machinery and equipment are still in good condition and with the proper and appropriate repair and maintenance, the estimated useful lives of machinery and

Public Company Limited (“the Company”) would like to submit the management discussion and analysis of the operating results for the nine months of 2020 ended September 30, 2020 as follows: Overall Group