2019 Not yet due 273 262 Up to 3 months 145 130 3 - 6 months 67 30 6 - 12 months 13 29 Over 12 months 11 18 Total 509 469 Allowance for doubtful debt 6 7 MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST

first half of 2019, and later in the second half of the year, 2-4 additional branches in Thailand and 1 franchisee branch in Hong Kong are expected to be opened. More Pop-Up Stores have been launched to

transaction occurred. 2) In case of free transfer fee and common area fee (if any) are considered payable to customers or expenses paid for the customers and therefore shall be treated as a reduction of the

-The remainder at end of year four 1800MHz License Number of licenses 9 licenses with 2x5MHz each; one operator can bid up to 4 licenses Penalty if violating auction rules Bid bond of Bt2,500mn forfeited

up. As a result, core service revenue in 3Q18, which excluded IC and equipment rental, was Bt33,134mn, increasing 2. 1% YoY but decreasing 0. 9% QoQ. EBITDA remained growth YoY but softened QoQ Cost

was driven by added subscribers of 209,300 or around (estimated) 20% share of industry which totaled year- end subscribers at 730,500. On other digital services, AIS continued to scale up several

same periods of last year because of operation management and maintenance is performed effectively in accordance with maintenance plan. Solar Energy Power Plants are in the start-up phase with only 3 COD

payable to customers or expenses paid for the customers and therefore should be treated as a reduction of the revenue under the contract. Under the previous accounting policy, the Company and its

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six -TISCOU11 (54).p65 ºÃÔÉÑ·ËÅÑก·ÃѾÂì̈ Ñ́ กÒÃกͧ·Ø¹ ·ÔÊâกé ̈ ÓกÑ́ กͧ·Ø¹à»Ố ·ÔÊâกé µÃÒÊÒÃ˹ÕéâÃÅÍѾ 11 (TISCO Roll Up Bond Fund #11) ÃÒ§ҹÃͺÃÐÂÐàÇÅÒËกà´×͹¢Í§Ãͺ»ÕºÑ­ªÕ µÑé§áµèÇѹ·Õè 15 ÁԶعÒÂ