3Q21 MD&A Advanced Info Service Plc. Executive Summary Slight revenue improvement despite COVID restriction measures and continued competition During 3Q21, the economy remained subdue from COVID

driver. 9M’19 Energy drinks market continued its growth momentum of 6.3%, and our market share maintained at 53.5%, aligned with our mid-term guidance, by using multi-brand portfolio and consumer-centric

emphasize on growing market share to become the leading brand in Thailand by stressing importance on effectiveness of corporate communication on both media advertising and promotional spending, as well as

each focused country. Sales breakdown by business and geography are as follows: Sales Breakdown by Business:  Brand: Baht 2,042 million, down 9% YoY  CMG: Baht 2,342 million, down 16% YoY  Sales ratio

16.1% YoY, driven by C-Vitt, a strong No. 1 brand in the category, whose market share successfully booked a new record high of 31.3% (+580 bps YoY). Osotspa anticipated a stronger C-Vitt growth in 2H’20

to distribute the product to branches nationwide. In addition, in September 2024, the Company collaborated with the EZY BAKE brand to launch a new product "Layer Toast" to be available in 14,000 7

shall undertake the securities borrowing and lending business within that restriction. In the case where the business operator under the first paragraph wishes to relax or remove such restriction, the

May 1999. (Translation) -5- after license has been given,, the business operator shall undertake the securities borrowing and lending business within that restriction. 20 In the case where the business

Lending (No. 2) dated 26 May 1999. (Translation) -5- after license has been given,, the business operator shall undertake the securities borrowing and lending business within that restriction. 20In the case

. Baht strengthening also had a partial impact on customers’ costs and sales volume. Sales breakdown by business and geography are as follows: Sales Breakdown by Business:  Brand: Baht 694 million, up 12