operational processes, as well as revamped network utilization management to improve capex efficiency . As a result, we expect EBITDA to grow low single digit. Dividend policy at minimum 70% of net profit AIS

renovated to be ready for sale to customers, resulting in higher costs. (3) Gain on Sales of Land and Structures Held for Future Development In 2018, The Company has gain on sales of land held for future

café in Bangkok, which are located at Unicorn Tower Phaya Thai, Susco Square Phutthabucha, PTT Station Tiwanon, and Design Village Bangna. In Q4/2023, After You plans to reopen 2 renovated stores at Bang

Company renovated its branches to be more modernized and increase their sizes with an aim to create a community space for customers that can be served as reception space and working space under the zone

large shopping malls and major cities. While for branch renovation, the Company renovated its branches to be more modernized and increase their sizes with an aim to create a community space for customers

on to the seller’s remaining land. This resulted in shortage of rooms. Moreover, the four other buildings were 19 years old, which had never been renovated. The utility systems were outdated and run

. This resulted in shortage of rooms. Moreover, the four other buildings were 19 years old, which had never been renovated. The utility systems were outdated and run-down. It was then necessary to renovate

upgrade to increase sales area for high- margin products instead of store expansion The Company has successfully minor renovated 3 Index Living Mall stores to increase sales area for high-priced and high

management. Store renovation (Store transformation) Since the COVID-19 situation where stores were closed, the Company has successfully renovated 5 stores of Index Living Mall, including Rama 2, Kaset-Nawamin