relation to new excise taxes in effective since 16 September 2017. However, the Company does not adjust the selling price to reflect the higher cost immediately. Instead, the selling price of ready-to-drink

1 3Q19 MD&A Advanced Info Service Plc. Executive Summary Mobile revenue driven by postpaid price adjustment In 3Q19, the postpaid segment continued its growth as we continued to adjust postpaid price

together with the risk level, with an explanation on the risks based on the fund’s risk level, which is between 1 – 8. The management company may adjust the explanation to be consistent with the investment

color level, and the risk profile shall be shown together with the risk level, with an explanation on the risks based on the fund’s risk level, which is between 1 – 8. The management company may adjust

shall be shown together with the risk level, with an explanation on the risks based on the fund’s risk level, which is between 1 – 8. The management company may adjust the explanation to be consistent

with the risk level, with an explanation on the risks based on the fund’s risk level, which is between 1 – 8. The management company may adjust the explanation to be consistent with the investment policy

Financial and Ratio As at 30 September 2019 2018 Liquidity Ratio Current Ratio (Time) 1.4 1.5 Quick Ratio (Time) 4.6 4.7 Collection Period (Day) 22.0 22.5 Stock Turnover Period (Day) 8.3 8.3 Payment Period

June 2017 2016 Liquidity Ratio Current Ratio (Time) 1.8 2.3 Quick Ratio (Time) 4.3 5.1 Collection Period (Day) 22.8 21.8 Stock Turnover Period (Day) 6.6 6.2 Payment Period (Day) 30.9 30.2 Profitability

2015 2014 LIQUIDITY RATIO Current Ratio 4.26 Times 3.71 Times 4.03 Times 3.22 Times Quick Ratio 1.36 Times 1.27 Times 1.57 Times 1.22 Times Cash Flow Liquidity Ratio 0.35 Times 0.47 Times 0.19 Times 0.64

As at 30 September 2017 2016 Liquidity Ratio Current Ratio (Time) 1.7 2.3 Quick Ratio (Time) 4.1 5.1 Collection Period (Day) 23.6 23.1 Stock Turnover Period (Day) 6.8 6.2 Payment Period (Day) 33.3 31.1