1 1Q20 MD&A Advanced Info Service Plc. Executive Summary Impact from the COVID-19 pandemic The COVID-19 pandemic has affected Thai economy as early on in February, particularly from the contraction

, the worsened macroeconomic conditions with higher inflation and energy cost affected the cost of living and pushed the 4Q22 blended ARPU downward -4.6%YoY. This was also an impact of prolonged intense

business was adversely affected by purchasing from pipe laying projects; waiting for bidding, waiting for contract signing, and pending to start the work after contract signing. Besides, cost of HDPE resin

causing exports to reduce from the previous year. The sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption remained stable. Although the

lead to increase in the sales volume in this zone. However, the Company’s revenue was affected by the appreciation of exchange rate of 6% from an average of 32.75 per 1 Dollar in Quarter 3 2018 to 30.68

from the same period of previous year by Baht 33.29 million or 6.67%. The increase was affected by an increase in the delivery volume of its subsidiaries by Baht 32.45 million comparing with the same

changes of cost. Consequently, it affected the profit margin. the Company still has no policy to overstock but to manage the inventory turnover efficiently. Beside this, The Company focused on managing the

affected to limited buying power. For the 2H17, although the government has announced policy to urge economic, the majority of policy related with investment in government and infrastructure which take a

well. In addition, there was some other factors that has affected to the business performance in term of promoting, supporting and being the obstacles toward the business operation such as (1) The mega

Co., Ltd. is the developer of urban residential condominiums with affordable price to serve the needs of the target customers. The international and domestic economic slowdown has affected the real