The opinions of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 1 Table of Contents Page Executive Summary 5 Secion 1 Request for approval to sell

twenty- nine satang) per share or THB 198,959,983.42 (one hundred ninety-eight million nine hundred fifty-nine thousand nine hundred and eighty-three Baht and forty-two satang) in total; 2. 1,593,748

FY21 MD&A Advanced Info Service Plc. Executive Summary Maintained leadership in mobile business The COVID-19 has induced an economic slowdown and limited business activities, affecting weak consumer

542.84 -230.92 -42.54 Share of gain/loss from investments in associate 0.00 -0.49 0.49 100.00 Loss Before Income Tax -57.17 -128.60 71.43 55.54 Income tax expense -2.43 -1.68 -0.75 44.64 Total loss for the

Form (F 53-4) 4. Summary of Key Terms and Conditions of the Offering and Allocation of the Newly Issued Convertible Debenture and the Conversion Right of Hydrotek Public Company Limited to the Specific

driver. 9M’19 Energy drinks market continued its growth momentum of 6.3%, and our market share maintained at 53.5%, aligned with our mid-term guidance, by using multi-brand portfolio and consumer-centric

& Calpis grew 1.5% YoY and above market growth. C-Vitt became #1 brand in functional drink with market share of 23.3% in Q3’18 from 16.9% in Q2’18. Domestic Personal Care grew 9.1% YoY. At constant FX

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

Summary of operations and the factors that make a significant change Summary of Operations for the Year 2022 Operation Overview Annual Balance Change 2022 2021 2022 VS 2021 Million baht (MB) (MB) % Total

Capital market business, the market share (SET and mai excluding proprietary trading) of Phatra Securities Plc. (PSEC) was 7.32%, increased from 4.55% in 2018, ranking 1 st from total 38 brokers. During