- ร่าง - 1 Nov 11, 2019 Subject Management Discussion and Analysis for the period of three months and the period of 1st half ended 30th September 2019 To President of the Stock Exchange of Thailand

consumer spending, industry continued to offer value- for- money mobile data to attract customers. Mobile ARPU continued to be pressured by unlimited data plan; albeit some initiated effort to raise price

customers affected by sluggish economy sought for value- for-money services. Competition in postpaid segment has been stable. Operators with 5G services are focusing on building 5G perception and attract 5G

value-added offering strategies such as guaranteeing service quality, superior service packages, and premium content to increase ARPU. Discounts on packages have been offered to new customers and those

to listed companies with outstanding performance in investor relations activities organised by the Stock Exchange of Thailand (SET) and Money & Banking Magazine. MACO is one of the companies that

Baht, mainly due to the recognition value of joint venture of the Apollo’s deal and realized gain from the re-measurement of the remaining investment at fair values. Appropriateness of the Funding

loss of THB 254mn, mainly from higher finance cost, due to (i) the full quarter consolidation of the acquired hotel business in Europe in which the foreign exchange (FX) loss from loans revaluation and

คำอธิบายและการวิเคราะห์ของฝ่ายจัดการ 9 November 2018 Re: To clarify the financial statements as of 30 September 2018 To: President The Stock Exchange of Thailand WHA Corporation Public Company

value Our 5G network continued to expand and covered 25% of population, focusing on the high-usage area and utilizing the largest bandwidth of 2600MHz to deliver superior customer experience versus our

-September 2019 2018 Variance 2019 2018 Variance Amount % Amount % Gain on foreign exchange 24.4 - 24.4 n.a. - 111.9 (111.9) (100.0) Non-operating revenues (1) 1.8 0.8 1.1 138.3 182.7 3.3 179.4 5,377.3 EBIT (2