Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Management Discussion and Analysis The Thai economy is expected to gradually recover in line with COVID-19

 Digital Risk Management 18  Strategic Risk Management 19 3. Business Directions and Operations of Core Businesses 21 3.1 Sustainable Development and Corporate Governance 21 3.2 Business Directions of

Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Executive summary The overall global economy was projected to slow down significantly due to the COVID-19

นั้น จึงไม่สามารถค านวณผลการด าเนินงานตามปีปฏิทนิได้  ดัชนี (Benchmark) ของกองทุนรวม : 1. ดัชนี MSCI World Core Infrastructure USD Net Total Return สัดส่วน 95% ปรับด้วยต้นทุนการป้องกัน ความเสี่ยงอัตรา

-on-year, driven by improved performance of core businesses and the profit from sales of tooling to VinFast. These increases were however offset by higher interest and tax expenses, primarily due to

net loss of THB 92 million in 2Q17. For core business, excluding the gain from the sale of investments, the Company reported EBITDA of THB 107 million and net loss of THB 29 million, representing yoy

voluntary tender offer for the entire securities of PB. (5) Purpose of transaction : To reduce its investment proportion in non-core business, as well as to receive capital gain on the sale of shares. (6

the charity education project. Furthermore, the Company wants to reduce investment in non-core business. (9) General description of connected transaction Type of transaction : Transaction relating to

%, with changes in core asset items as below:  Cash and cash equivalents was Baht 1,359 million, an increase Baht 394 million or 40. 8% due to trade accounts receivable and inventories decreased.  Current

104,000 -7.3% 9.5% FBB ARPU (Baht/user/month) 489 462 458 -6.4% -0.9% 3 2Q21 MD&A Advanced Info Service Plc. 1H21 Snapshot For 1H21, Core service revenue was 64,778m, decreasing -0.9%YoY, and reflected