* Note Please find further information in the consolidated financial statements. 1 23 February, 2018 Subject: Management Discussion & Analysis (MD&A) for the year 2017 Attention: The President The

to disclose information related to the arrangement of reserves in a manner that is accessible to the public; and (3) mutual fund supervision will primarily take into account unitholders’ benefits, with

29.7% Operating Information EBITDA 4,920 9.2% 4,386 8.7% 534 12.2% Normalized EBITDA(6) 5,057 9.5% 4,128 8.2% 929 22.5% Normalized Net Income(6)(7) 1,762 3.3% 1,069 2.1% 693 64.8% SSSG of Fashion segment

% Operating Information EBITDA 10,233 16.1% 6,334 11.8% 3,900 61.6% Normalized EBITDA(5) 6,608 10.4% 6,608 12.4% 0 0.0% Normalized Net Income(5)(6) 2,943 4.6% 2,558 4.8% 386 15.1% SSSG of Fashion segment -2.5

provision of services to a specific group of persons and regulatory sandbox, etc. This is to accommodate undertaking of new types of business and technology-driven services;(2) Enhancing supervision of

Details of various risk management and other related information, in accordance with the Bank of Thailand Pillar 3 requirement and disclosure principles, are shown in “the Basel III Pillar 3 Disclosure

-month periods ending 30 September 2018 and 2019, the Company’s revenues were 279.37 million Baht and 427.85 million Baht respectively. The main revenues were from Data Center & Information Technology

, increasing 20% YoY from TTTBB consolidation and organic business growth, while increasing 1.4% QoQ driven by continued demand for mobile and fixed broadband connectivity. FBB maintained a growth engine

saw a slight decline of 32k subscribers with ARPU declining 1. 4% QoQ to Bt174, driven by aggressive data plans in the market. Overall, blended data consumption softly grew from 10.9 GB/data subscriber

executives? and personnel's capability, and promotion of innovation and responsible business operation, and (3) to monitor and disclose information by ensuring appropriate risk management and internal control