1 1Q19 MD&A Advanced Info Service Plc. Executive Summary Mobile growth remained soft from ongoing price competition Overall mobile market in 1Q19 reflected industry's effort in gradually

in the decreasing in overall revenue of biomass power plants. Sales and service income (included revenue from finance lease under a Power Purchase Agreement) increase 23.6% YoY from Baht 1,467.7

inflation in line with the world oil price (Source: The Bank of Thailand). The overall global aviation industry in the first 9 months of 2019, a growth in passenger traffic globally was supported by 4.5

Bank of Thailand). The overall global aviation industry in the first half of 2019, a growth in passenger traffic was supported by 4.7 percent increase in revenue passenger kilometers (RPK) where Europe

volume growth. There were an expansion of service station locations, the number of service station as of the end of 2018 was 1,175 locations, with 74 new service stations. The company has also rebranded

was increased from Financial Institutions Policy Committee announce to decrease the interest’s policy rate. 4.3 Shareholders' equity The overall shareholders' equity from the year end 2019 was decrease

the Covid-19 outbreaks. However, most of the drop was compensated by sales of Woody C+ Lock Lemon Flavoured, the new vitamin C drink launched in March 2020 under the Company’s production and the joint

to TFRS 16 Leases. 4.3 Shareholders' equity The overall shareholders' equity in the first half of 2020 was decrease from the end of 2019 in an amounting of Baht 44.80 million mainly came from operation

of Baht 2.67 million. 4.3 Shareholders' equity The overall shareholders' equity as at 31 March 2020 was decreased from the year end in an amounting of Baht (6.99) million or (1.70) percent. Mainly came

back expected +4-5% range. We expect the overall burnt and crude product market contraction in 2020 and expansion in 2021 to be in the same range. This being said, we do not expect further major