after capital increase or Control Dilution will be 36.25%. Hence, Spin-off Plan and offer UAPC shares to public together with IPO are regarded as a disposal of assets of listed company pursuant to the

cost control. Net profit ( pre- TFRS 16) declined - 23% YoY, - 6. 5% QoQ from unrealized foreign exchange loss and increasing D&A, while excluding foreign exchange effect net profit declined - 21% YoY

control operator’s investment plans in the following year. Competition in fixed broadband in 4Q18 was stable from the last quarter without prominent price cut. However, throughout the year the standard

liabilities stood at THB 7,174.9mn • Debt to Equity ratio stood at 1.04 times as of 31 December 2019, decreased from 1.14 times as at end of 2018 Change in accounting policies and reclassification in 2019

. As a result, EBITDA in 1H21 increased by 1.1%YoY despite soften core service revenue, offset by cost control in SG&A. With the 700MHz spectrum license and 26GHz spectrum license acquired in 1H21, D&A

despite flat service revenue, compensate by well-cost control. D&A increased by 2.7% YoY from spectrum license of 700MHz and 2.6GHz acquired in 9M21. Reported net profit was Bt20,059mn, decreasing -1% YoY

a high season. • Admin & other expenses at Bt4,087mn, increased 1.0%YoY mainly from higher staff- related expenses partially offset by cost control. It increased 13% QoQ from a one-time reversal item

witnessed a decline in gross add due to a more stringent control on Prepaid Identification (PI) that impacted new subscribers’ registration, as well as continued focus on quality subscriber acquisition

to generate revenue stream amidst softened tourism sentiment. However, both hotels showed effective cost control in both room and food and beverage management. Cost of sales In 3Q19, CPN reported costs

effectively control finance expense by repayment of short-term borrowings which costs high interest such as factoring and promissory notes. Net Profit and Net Margin For the first quarter of 2018, net profits