) the interim management discussion and analysis (“MD&A”) of Q3/2019 (3) the audited financial statements for the year 2019 (4) MD&A of 2019 (5) the reviewed financial statements for Q1/2020 (6

offering of the REIT for the first accounting year of less than 12 months; (2) an estimation for an additional unit offering of the REIT at interim of the accounting year that has less than 12 months left

to mid-single digit, while maintaining EBITDA outlook with low-single digit decline and CAPEX of around Bt35bn. Market and Competitive Environment In 3Q20, mobile competition remained stable as all

economy and price competition Mobile revenue was Bt28,847mn, decreasing -1.7% YoY and -2.5% QoQ impacted by low spending amidst Omicron’s spread and relatively high base of 1Q21 from government stimulus

of the Thai baht and the intense competition which caused the exports to shrink from the previous year. Domestic consumption was also affected by high living expenses and household debt, as well as the

GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2019 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2019 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

other business operator) will not operate the same business and having the competition between the CPOA for trading business for biodiesel and edible oil of the Company including shall not conduct any

assets of the Company, calculated from the reviewed interim consolidated financial statements of the Company for the six-month period ended June 30, 2018. The Company has a duty to disclose the information

revenue impacted from roaming and competition With the pandemic and escalated price competition in 1Q20, mobile revenue contracted -1.1% YoY and -4.5% QoQ to Bt30,334mn. As both inbound and outbound