development loans (RE) totaled Baht 31,240 million, with continuing expansion of 7.5% from the end of 2018. SMEs loans were Baht 26,876 million, slight growth of 0.4%. SMEs loan comprises of several business

9.5% QoQ with 28% of fixed broadband users subscribed to a fixed- mobile-content convergence package (FMC), which a part of the revenue allocated to mobile segment, led to a slight drop in ARPU in the

loans (RE) totaled Baht 31,240 million, with continuing expansion of 7.5% from the end of 2018. SMEs loans were Baht 26,876 million, slight growth of 0.4%. SMEs loan comprises of several business sectors

1.8% from the first quarter of 2019. This was due mainly to the slight decrease in large corporate loans and the increase in realized interest income according to TFRS9. Interest expenses were Baht

quality and 5G network strengths has enabled us to achieve a sustained mobile performance. Mobile revenue reported Bt116,696mn, a slight decline of -0.5% YoY from growth in quality postpaid customers while

with the War Veteran Organization (WVO) (total installed capacity 8.94 MW) in late July. However, due to the slight dips in average irradiation hours from the heavier rainfall than the previous year

) of Baht 26 million in 2019 while the revenue from Combined Electricity and Power Company Limited (CHPP) had a slight fall in revenue corresponding to existing projects. PAGE 4 MANAGEMENT DISCUSSION

instead as well as enhanced its sales channels. The Company could well organized the inventory management, the inventory at the end of the year equal to 1,329 million baht, decrease by 677 million baht or

าหน่ายหลกัทรัพยเ์ป็นผูจ้ดัสรรใหบ้ริษทัและลูกคา้ แยกจากกนั (2.2) มีการก าหนดวิธีการและขั้นตอนท่ีจะท าใหก้ารซ้ือขายหลกัทรัพยเ์ดียวกนั ของลูกคา้และของบริษทัในตลาดรอง (organized secondary market) มีความ

force may continue to perform their duty, provided that the intermediary shall arrange for such personnel to attend a training course on foreign currency risk organized by an agency recognized by the SEC