1 --Translation- Sor Gor 85/2017 August 24, 2017 Subject: Management Discussion and Analysis for the second quarter ended June 30, 2017 (Audited) To: The President The Stock Exchange of Thailand

in year 2017 (“2017”) increased 16% yoy. This increase was driven by both non-social security and social security part. Accelerated revenue growth from social security came from higher number of

, increasing by 27.3% YoY to THB 338mn. Revenue growth in 2017/18 was mainly driven by the expansion of the office building media network as well as price increases, Wi-fi project management fee. During the past

2,620 mn, an increase of 5.5% YoY (for the first nine months of 2018, the figure stood at THB 8,378 mn, an increase of 8.2% YoY) due the growth in revenues of all businesses, effective cost management and

mentioned. Excluding such non- recurring income, 1Q18 revenues would have grown 9% QoQ, mainly from stronger performance of hotel business. Management Discussion and Analysis 1Q18 Consolidated Financial

”) delivered a revenue of 132.54mb (Q1 2018: 131.45mb), a marginal increase of 1.09mb or 0.8%. For Q1 2019, revenue from HR Solutions contributed to an increase of 2.85mb or 2.7% to our growth year-on-year. On

Dusit Thani PLC Management Discussion and Analysis For 3Q19 and 9M19 P a g e | 1 Executive Summary In 9M19, Dusit Thani PLC (“The Company”) reported the net profit including attributable to non

Microsoft Word - MDA_DTC_EN_3Q19_V3.1 Dusit Thani PLC Management Discussion and Analysis For 3Q19 and 9M19 P a g e | 1 Executive Summary In 9M19, Dusit Thani PLC (“The Company”) reported the net

year while demand for mobile data nearly doubled YoY to 6.7GB/data sub/month from video streaming and increased 4G handset penetration (46%). To compete for quality subscribers who bring growth in data

-up 5G perception. Restrictions in the quarter also supported demand for Fixed broadband (FBB) which delivered strong growth of 23% YoY and 7.4% QoQ as well as non-mobile enterprise business growing 23