-2495-1366 Website: www.kiatnakin.co.th http://www.kiatnakin.co.th/ 2 Management Discussion and Analysis (MD&A) For the first quarter ended March 31, 2020 comparing operating performance and financial

Arbitrage investment strategy as well as issuing and offering financial structured products. HF focuses on equity and derivatives trading with less than 1 year investment horizon, applying Market Neutral

investment not more than 1 year by applying Arbitrage investment strategy as well as issuing and offering financial structured products. HF focuses on equity and derivatives trading with less than 1 year

solutions. AIS expects service revenue and EBITDA in 2021 to grow low-single digit while CAPEX for 5G/4G network and FBB budgeted Bt25-30bn. Significant Event in FY20 1. In 1Q20, AIS adopted Thai Financial

2- and 3-Carrier Aggregation (CA) technology. During the quarter, the competition focused on acquiring/maintaining quality customers in postpaid segment through handset campaigns and pricing strategy

Osotspa Public Company Limited Q4’18 and FY18 Management Discussion & Analysis 27 February 2019 Q4’18 and 2018 Management Discussion & Analysis Page 1/7 Financial Highlights - Q4’18 Net profit* was

margin 40.5% 47.4% 40.6% 45.2% Net profit margin 22.4% 25.5% 27.1% 21.5% Adjusted net profit margin 23.7% 27.1% 24.7% 24.5% Note: The Company restated its 4Q 2016/17 and 2016/17 financial performance after

partnership with Jaymart, a local well-known retail chain for telecom/ IT products, to enhance our acquisition strategy in key competing areas. Another is the collaboration with Singtel to launch a cross-border

undertake the move the Company’s office in the future. 9. Source of Fund 30% is from the Company’s Working Capital, and 70% shall be the loan from the financial institutes. That means the Company shall get

made to the resolutions of the Board of Director Meeting No. 7/2017 of Carabao Group Public Company Limited (the "Company") held on 14 November 2017 as follows: 1. To approve the Company's financial