1 FY18 MD&A Advanced Info Service Plc. Executive Summary Maintained leadership in mobile business In FY18 competition in mobile industry remained elevated particularly on data pricing with fixed

3Q21 MD&A Advanced Info Service Plc. Executive Summary Slight revenue improvement despite COVID restriction measures and continued competition During 3Q21, the economy remained subdue from COVID

from the re-opened economy amid continued intense competition Mobile revenue reported Bt29,217mn, improving 0.4% YoY and 1.3% QoQ, mainly benefiting from the border reopening and 5G adoption. However

purchasing power. However, from Sep-21 onward, restrictions were gradually lifted, resulting in some improvement in consumer spending. Meanwhile, competition in mobile industry remained elevated as operators

decreased of 234.5 MB and 94.3 MB, respectively, due to the governmental projects in the first half of 2017 were relatively small and delayed. The Company also faced a higher market competition. Besides, in

competition in the market became less intense because of higher demand and sales volume of agrochemicals. Cost of sales increased at a lower rate of increase than that of the sales volume resulting in the

Environment 1 1.1 Global and Thai Economy in 2019 and Outlook for 2020 1 1.2 Banking Industry, Competition and Emerging Risks 2 1.3 Significant Regulations and Rules related to Business Operations 5 2. Risk

in order to stabilize the financial system. Nevertheless, as the COVID-19 situation has shown no clear sign of improvement and may persist throughout the first half of this year or beyond, pending the

TRIPPLE LIFT SERUM 2. SOS HYALURON X3 CONCENTRATE SERUM 3. SOS HYALURON & COLLAGEN FREEZE-DRIED MASK 4. OXE’CURE ACNE CLEAR POTION 5. OXE'CURE ACNE CLEAR POWDER MUD 6. OXE’CURE ACNE CLEAR POWDER LOTION 7

and Clause 5 or Clause 6, as the case may be; (d) having a plan to report the results of the experiment and progress of service provision to the SEC Office on a continuous basis; (e) having a clear exit