customers through our partnership strategy. This includes content collaborations with Disney+ Hotstar, BBC, and Thai League. Expected mid-single digit growth in FY22 In summary, AIS generated Bt130,972mn of
UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. FORM 56-REIT1 Annual Registration
ANALYSIS (For the Consolidated Financial Statements of the Year Period Ending December 31, 2019) (1) Overall Operating Results For the year 2019, the total revenue from sales and services of the Company and
% decrease from Baht 2,583.2 million of 2018. The decrease was mainly from lower contribution from GHECO-One mainly driven by lower Availability Payment Rate and Thai Baht appreciation, despite additional
conjunction with the consolidated financial statements and notes to financial statements. If not defined otherwise, all financial information presented in this document are in Thai Baht. The company presented
lower Availability Payment Rate and Thai Baht appreciation. Normalized Share of Profit/(Loss) from Investments of Utilities Business was Baht (13.5) million due to the recognition from Share of Loss from
quarter 2020 is depreciated, the Group then has gain on exchange. Overall, for the 9-month period of 2020, Thai Baht still depreciated compared to end of 2019, the Group has yet gain from exchange of Baht
Company has recorded an allowance for expected credit losses (Allowance for doubtful accounts) for receivables overdue in accordance with the Thai Financial Reporting Standards No. 9 “Financial Instruments
towards, and integrity and security of, the overall financial system, and to improve the competitiveness and image of the Thai capital market. Part 2 Principles for Operation of Derivatives Clearing Houses
by Thai Wacoal Public Company Limited Presented to Shareholders of Thai Wacoal Public Company Limited Prepared by 8 March 2019 This English report of the Independent Financial Advisor’s Opinions has