end. At the same time, the industry competition is anticipated to remain high with pricing strategy to address low affordability. Amid this uncertainty, AIS continue to focus on creating differentiation

pricing strategy to address low affordability. Amid this uncertainty, AIS continue to focus on creating differentiation and enhancing retention program as well as digitalizing channels and operational

of tourism and service sectors, coupled with increased consumer purchasing power from reduced inflation. Nonetheless, the global economy showed a sign of uncertainty and a risk of recession, causing

economic recovery once the outbreak is contained. Looking forward, the Thai economy will continue to face a high level of uncertainty so the MPC is standing ready to use additional appropriate monetary

expanded at a slower pace compared with the same period last year due to a contraction in merchandise exports resulting from uncertainty in the trade policies of major countries and the Baht’s ongoing

operations. 1.1 Factors that affect business operations. In the year 2018, the Company affected from; prices of raw materials, cotton and polyester, risen since the second quarter; uncertainty of crude oil

from 2.3% in the second quarter of 2019, mainly driven by expansion of private consumption, government spending and tourism sector. Meanwhile, exports sector continued to contract caused by uncertainty

2018 primarily due to the US-China trade war and global uncertainty contributed negative impact on export growth. The growth of credit card business in Thailand continue expansion due to overall economic

private consumption and total investment were constantly expanding. However, Thai economy still faces external risk such as U.S. monetary and trade policy and global economic uncertainty. As of August 31

stipulated in the agreement until the payment is made. Currently, it is pending EXAT to comply with the Judgement and there remains uncertainty on a form of compensation to be derived by the subsidiary from