global trade volume affected by trade tensions and the impact of structural changes in the Thai economy on export sector. Public expenditure and private investment would expand slower than the previous

-Australia Collinsville Solar PV Pty Ltd, a subsidiary of RAC, signed Financial Agreement with Clean Energy Finance Corporation (CEFC) with the loan amount of AUD 57 million. Management Discussion and Analysis

to look after private health insurance patients. 44 หมู่ 4 ถ.แจง้วฒันะ ต.ปากเกร็ด อ.ปากเกร็ด จ.นนทบุรี 11120 โทร +66 2836 9990 โทรสาร +66 2106 4858 44 Moo 4 Chaengwattana Road, Pakkred, Nonthaburi

. . Overview of operating results in the Quarter /. The overall global economy still has growth direction in fine criteria from continuous consumption of private sector mainly covering with supportive factor

fragile economy with signs of global economic slowdown despite a continuous recovery in Thailand’s tourism and the improvement in inflation that helped boost private consumptions and economic activities. In

307.54 (34.85) (10.18%) 1,764.82 1,674.52 (90.30) (5.12%) Finance cost 38.01 35.03 (2.98) (7.84%) 119.56 140.85 21.29 17.81% Income tax expenses 60.45 47.54 (12.90) (21.35%) 326.66 301.65 (25.00) (7.65

or 42.8% when compared to the same period of prior year. It was mainly decreased from Private sector’s customer of insurance since the market trend of Insurance Outbound Telesales services was slowdown

2017 and remain strong going into 2018. In Thailand specifically, projected growth has been revised up from 3.2 to 3.7% in 2017 and from 3.3 to 3.5% in 2018 on the back of strong private consumption and

1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and

economy, supported by increased stability, government stimulus, and tourism recovery, despite weaker consumer sentiment, lower private investment, and flood. AIS reported core service revenue of Bt40,799mn