Center (DTEC) led by Dusit Thani College. Share of profits from investments in 2017 was THB 13 million, a 56.7% decrease yoy, primarily attributable to a decrease in number of students at Le Cordon Bleu

1 3Q20 MD&A Advanced Info Service Plc. Executive Summary Continued economic impact on mobile business despite improved pandemic situation in Thailand With well-managed pandemic situation, domestic

Coronavirus pandemic or COVID-19 pandemic which was confirmed to have reached Thailand in January. The outbreak became widespread in many areas in the country led to the announcement of the state of emergency

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

2021. However, the Company had been managed inventories turnover to maximize efficiency. ▪ In the 1st quarter of 2021, the Biodiesel’s ratio of cost of sales to total revenue was increased from in the

managed by ONE Asset Management Limited (the Company’s subsidiary), and an increase in the Company’s sales agent fees from sale of investment units. 1.3 Interest on margin loans The Company’s interest on

managed to reduce raw material costs due to cheaper sources of raw materials imported, but the cost of depreciation of new machines and cost of maintenance have increased. For the year of 2019, the cost of

359.39 million baht comparing to September 30th, 2016 mainly due to the increase in sales as well as trade and other receivables around 141.42 million baht. Besides, this year the Company has managed the

fund; (10) private fund managed by securities company for investment of investor under (1) to (9) or (11) to (26) or high net worth investor; (11) provident fund; (12) Government Pension Fund; (13

investment units, established and managed by a management company. “Fund supervisor” means the fund supervisor of a closed-end fund. “Office” means the Office of the Securities and Exchange Commission. Clause