No: AH 03112022 November 14th, 2022 Subject: Management Discussion & Analysis (MD&A) for the Financial Statements of the 3rd Quarter of Fiscal Year 2022 Ended as of September 30th, 2022 To: The

No: AH 02022024 February 29th, 2024 Subject: Management Discussion & Analysis (MD&A) for the financial statements of fiscal year 2023 ended as of December 31, 2023 To: The President The Stock Exchange

Dusit Thani PLC Management Discussion and Analysis 4Q18 and FY2018 P a g e | 1 Executive Summary The Company reported net profit of THB 119 million in 4Q18, a decrease of 59.0% from the same period

Dusit Thani PLC Management Discussion and Analysis For 3Q19 and 9M19 P a g e | 1 Executive Summary In 9M19, Dusit Thani PLC (“The Company”) reported the net profit including attributable to non

Microsoft Word - MDA_DTC_EN_3Q19_V3.1 Dusit Thani PLC Management Discussion and Analysis For 3Q19 and 9M19 P a g e | 1 Executive Summary In 9M19, Dusit Thani PLC (“The Company”) reported the net

Dusit Thani PLC Management Discussion and Analysis For 1Q20 P a g e | 1 Executive Summary Due to the COVID-19 pandemic, Thailand and many countries in the world have issued the preventive measures

revenue in the first half of 2017 leading to a sharp drop in proportion of administrative expenses. Interest Expenses The Company reports its interest expense for the first half of 2016 and 2017 at 0.16

expected approximately 100k by the end of 2020. However, quick development on 5G ecosystem, especially sharp decline in handset price, will accelerate no. of 5G users and other revenue on 5G related service

sharp decline in tourism from cross border restriction still post a negative outlook for telecom and our core service revenue. AIS will be focusing on mobilizing and digitalizing operational responses to

)  Bt25-30bn (Maintained) Core service revenue to be flat or slightly decline due to prolonged pandemic Thailand has been experiencing the new wave of Covid-19 outbreak since April-2021 with sharp rise in