-channel services that deliver new and superior retail shopping experiences that fit changing lifestyles of consumers in the era of NOW NORMAL. The Company also emphasizes on efficient operation excellence

Management discussion and analysis /Page 11 to further develops complete Omnichannel services that deliver new and superior retail shopping experiences that fit changing lifestyles of consumers in the era of

health and flexibility to pursue future growth. Our dividend policy is to pay a minimum 70% of net profit. AIS is able to continue its investment plan and deliver financial commitment, while maintaining

productivity of our operations to ensure distinctive customer experiences. Capital allocation will be executed with caution to ensure we streamline ourselves, improve CAPEX and OPEX efficiency, and deliver

streamline ourselves, improve CAPEX and OPEX efficiency, and deliver maximum value to our customers and stakeholders. As a result, EBITDA expects to grow at a mid-single digit rate. Continued investing in

transaction on acquisition of assets under the Notification of the Capital Market Supervisory Board No. TorJor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of

an analysis by the REIT Manager concerning the effect of changing a lessee; (3) if the main lessee is a related party under specified rules of notification, specify such relationship and relating

consideration criteria (maximum acquisition value criteria). The transaction is categorized as small transaction, is not required to be disclosed according to the Notification of the Board of Governors of the

Ref Ref. HF 0021 / 2018 February 23rd, 2018 Subject : Notification of the resolution of the Board of Directors No. 1/2018 (Edit) To : Director and Manager of The Stock Exchange of Thailand We, Hwa

Ref Ref. HF 0021 / 2018 February 23rd, 2018 Subject : Notification of the resolution of the Board of Directors No. 1/2018 (Amendment of the agenda of the Annual General Meeting of Shareholders No. 1