afterward. The capital increase from Initial Public Offering would result in the marked decrease in Debt- to-Equity ratio and financial costs going forward. On November 14, 2019, the Company entered into the

Quarter Increase (Decrease) For 9-month period ended September , Increase (Decrease) 2017 2016 YoY % 2017 QoQ 2017 2016 YoY % 2017 Profit Sharing for the Period - The Company’s Equity

Eng_MD&A Q2'18 (Translation) August 14, 2018 Ref: SET-2018-016 Re: Management Discussion and Analysis for Quarter 2’ 2018 Attn. to: President The Stock Exchange of Thailand Filter Vision Public

(Translation) November 14, 2018 Ref: SET-2018-017 Re: Management Discussion and Analysis for Quarter 3’ 2018 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited

handset bundling and pre- to-post migration. Prepaid segment grew robustly, adding 888k underpinned by strong acquisition and government stimulus campaigns as well as improving churn management. Although

amounted to THB 3,787 million; with total liabilities of THB 3,376 million; and total equities of THB 9,708 million. In this regard, the company financial position remains strong with low debt- to-equity

21,747 F in an ci al S ta tu s Total Equity 12,107 10,868 • The Company posted net loss in 2nd quarter of year 2017 amounted to THB 735 million which was loss from the operation higher than last year

accounting policy will have impact on the assets, liabilities and shareholders’ equity of the Company’s group as follows: Impacted Items to the Companies Group Estimated as at 30 December 2017 Cost Basis

Ref. AU 011/2017 - Translation - 11 August 2017 To: Director and the President The Stock Exchange of Thailand Management Discussion and Analysis for the three-month and the six-month period ended 30

capital increase from Initial Public Offering would result in the marked decrease in Debt-to-Equity ratio and financial costs going forward. Management’s Discussion and Analysis S Hotels and Resorts Public