1Q22 MD&A Advanced Info Service Plc. Executive Summary Prolonged economic impact from Omicron outbreak and rising inflation in 1Q22 In 1Q22, Thailand’s economic recovery was challenged as private

impacted by declining global demand, which has also led to a deceleration of private consumption as a result of lower employment, particularly in export- related manufacturing sectors. Elevated household

asset quality management for its loan portfolio and focus on expanding into profitable segment with better asset quality taking into careful considerations the economic conditions. As such, the overall

investment and chemical cost which increased by 1.57 million Baht because of the deteriorating in raw water quality, representing a lower gross profit margin to 37.09%. Major Costs of Tap Water Business (MB

in total revenues. Additionally, we have focused on stabilizing the operations while introducing sustainable processes particularly in maintenance and further focused on quality which has set us up to

to this time last year thus we maintain our commitment to a high quality raw material sourcing strategy. The impact of the lower US dollar and higher HR costs as we strengthen the organization and

linked to tourism and the export sector. In contrast, consumer spending in some provinces linked to the agricultural sector continued to decelerate in line with lower farm income due to the low price of

guarantee package for fast installation, 24- hour problem fix, and staff punctuality, as well as value- added services, AIS Fiber continued to lead the industry as a provider of superior service quality. In

boost of the export activities, private consumption and tourism sector. However, the net profit margin was lowered from the increase in selling and administrative expenses while gross margin stay flat

Justifications of Price The offering price of such ordinary shares for capital increase for this private placement is THB 0.80 per share whereby such offering price is not lower than the par value of the Company’s