which was recorded in 4Q22. Bad debt provision as % of postpaid and FBB revenue declined from 2.6% to 2.4% following the economic recovery. Classification: Internal 1Q23 MD&A Advanced Info Service Plc. 4

campaigns. • Admin & other expenses at Bt3,736mn, decreased -3.0% YoY due to a reduction in depreciation of right-of-use assets and decreased by -8.6% QoQ due to cost controls. The provision of bad debts, as

efficiently managed around 8.3% of total revenue. The provision of bad debts as a % of postpaid and broadband revenue was 2.3% lower than 2Q23 at 2.4%. Profitability 3Q23 EBITDA was at Bt23,674mn, increasing

% 14.74 0.56% (15.41) (51.12%) Lease liabilities 102.88 3.98% 82.91 3.14% (19.98) (19.42%) Non-current provision for employee benefit 70.88 2.74% 68.19 2.58% (2.69) (3.79%) Long-term provisions 9.75 0.38

, change or determine the date, time and venue of the Extraordinary General Meeting of Shareholders No. 1/2017 if the Company faces any problem in preparing the documents and information which results in any

information in documents sent to the shareholders The Board of Directors of the Company is responsible for the information contained in this information memorandum. In this regard, the Board of Directors of the

any agreements, applications, evidence and documents relating to the disposal of the Company’s assets, including contact and filing of such documents, as well as other relevant documentary evidence, and

issuance and offer for sale of securities under the law of the Kingdom of Thailand, the Company does not deliver the documents in relation to the subscription of the newly issued ordinary shares of UAPC to

include (1) holding of shares conferring 50 percent or more of the total voting rights in the immediate holding entity, or (2) nominating a substantial number of directors. 8 Please enclose the documents

immediate holding entity, or (2) nominating a substantial number of directors. 8 Please enclose the documents that indicate the voting rights of shares of the business held by each person and persons under