EBITDA impact of around US$51M. Lower oil prices starting from March 20 has led to significant fall in margins in around 30% business of this segment as integrated MEG and MTBE prices have fallen with

operators continued to offer steep discount and low-price plans, resulting ARPU to fall 6.8% YoY to Bt444 from Bt476 in 4Q20. Mobile Business 4Q20 3Q21 4Q21 %YoY %QoQ Subscribers Postpaid 10,192,400

) of Baht 26 million in 2019 while the revenue from Combined Electricity and Power Company Limited (CHPP) had a slight fall in revenue corresponding to existing projects. PAGE 4 MANAGEMENT DISCUSSION

characteristics of the depositary receipts shall meet the following criteria: (1) foreign securities shall fall under any of the following categories: (a) ordinary shares that are traded on the foreign stock

Warrants is set to be on the third anniversary of the Warrants, which is 3 years from the issuing date of Warrants. In case, any exercise date does not fall on the Company’s business day. The exercise date

persons to ensure correct operations;| - establish fall-back procedures from unsuccessful changes. 3. The intermediary should monitor the functions of information systems and equipment assets to ensure

ให้สามารถปฏิบัติงานได้อย่างถูกต้อง - มีกระบวนการถอยกลับสู่สภาพเดิม (fall-back) ของระบบงาน หากเกิดข้อผิดพลาดระหว่างการเปลี่ยนแปลง 3. ผู้ประกอบธุรกิจต้องติดตามประสิทธิภาพการท างานของระบบงานและอุปกรณ์สารสน

prior to the date on which the Board of Directors of the Company resolved to approve the entry into this transaction does not fall under any category of transactions under the Notifications on Acquisition

;| - establish fall-back procedures from unsuccessful changes. 3. The intermediary should monitor the functions of information systems and equipment assets to ensure continuity and efficiency. In addition, the

and the last exercise date will be on the maturity date of the warrants is 25 February 2021. In case that any exercise date does not fall on a business day of the company, such date shall be moved to