-Translation- Ref. No. PorBor.025 / 2019 August 28, 2019 Subject: Entering into Transaction of Disposing of Subsidiary’s Land and Buildings for the Debenture Debt repayment To: President The Stock

partial debt repayment to the debenture creditor and enable to continuously business operation. Thus, the Company has the outstanding debts with the debenture creditor amount of 1,230 million baht. 7.2 As

Microsoft Word - FY19 MDA edited after comment.docx 1 FY19 MD&A Advanced Info Service Plc. Executive Summary Mobile business grew amid competition In FY19, despite slow economic growth and continued

restriction measures limiting business activities while government offered some subsidies that partially supported consumer purchasing power. Restrictions were gradually relieved beginning September including

growth. Even though business loans are expected to receive an additional boost from public investment, retail loans will remain challenged mainly by fragile consumer confidence and household debt servicing

confidence coupled with the already high household debt level. Nevertheless, the non-durable goods increased partly from the rush in purchase of consumers goods due to the concerns on the COVID-19 outbreak

declined from the contractions in vehicle sales in line with the weakened household income from lower income, employment and consumer confidence coupled with the already high household debt level

promissory notes issued by Prime A in the amount of Baht 801,024,781.10 (the debt value with interest as of the date on which the sale and purchase of shares completed: Completion Date), which is a 50 percent

delay is also attributed to the COVID-19 outbreak. 3.2 In the first quarter of the year 2020, the revenue from real estate development business has decreased 93.02 Million Baht or 56.67 percent in

consumer loans declined. Financial institutions expect credit demand from business and household sectors to increase later in the year. Investment demand for public infrastructure projects is also likely to