E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

of the previous year were as highlighted below; Separate financial statements (Unit : Million Baht) Q3/2 019 Q3/2 018 % Chan ge 9 Month 2019 9 Month 2018 % Chan ge Sales and Service Income 533 451 18

public auditor as follows: Overall performance results of the Company for the year ended 31 December 2020, compared to the same period of the previous year were highlighted as below; (Unit : Million Baht

positively. On the variable cost side, apart from normal inflation, as highlighted since Q2 fuel prices have increased versus the same period in 2017. The latest fuel shipment in December was more economical

has met expectations and every effort will be made to maintain the positive trend we saw in 2018. Depreciation has increased as expected and as highlighted in 2018 finance cost has increased 2.5 times

, the total assets of the Company were THB 1,529 million, increased by THB 329 million or 27% from 31 December 2019. Significant changes are highlighted as follows: • Cash and Cash Equivalent increased by

million, decreased by THB 58 million or 4% from 31 December 2020. Changes are highlighted as follows: • Other Non-Current Assets decreased by THB 48 million. This was mainly due to the amortization of the

operating lease in prominent locations (ii) growth of rental revenue together with increase in efficiency, (iii) development of high potential properties with innovative and creative value-added concept and

control operator’s investment plans in the following year. Competition in fixed broadband in 4Q18 was stable from the last quarter without prominent price cut. However, throughout the year the standard

operating lease in prominent locations, (ii) boost growth of rental revenue together with increase in efficiency in operating business, (iii) development of high potential properties with innovative and