179,674 3.6 Fees and services expenses 597,665 442,747 154,918 35.0 Fees and services income, net 4,604,034 4,579,278 24,756 0.5 Gain on trading and foreign exchange transactions, net 276,581 457,007

exchange transactions, net 106,785 162,815 (56,030) (34.4) Gain (loss) on financial liabilities designated at fair value through profit or loss, net (87,923) 15,923 (103,846) (652.2) Gain (loss) on

services expenses 138,115 114,723 23,392 20.4 Fees and services income, net 1,015,355 1,063,006 (47,651) (4.5) Gain on trading and foreign exchange transactions, net 115,364 87,750 27,614 31.5 Gain (loss) on

income 1,153,470 1,177,729 (24,259) (2.1) Fees and services expenses 138,115 114,723 23,392 20.4 Fees and services income, net 1,015,355 1,063,006 (47,651) (4.5) Gain on trading and foreign exchange

due to fully depreciated 3G network equipment offset with our continued investment of 5G network rollout. AIS invests with optimization and superior network quality in mind and expanded in the area with

Exchange Forward Contract in the amount of THB 255 million from the continuous appreciation of THB. Thus, EBITDA recorded was THB 781 million (+28% YoY, -1% QoQ). Refinery Business Marketing Business sales

1 --Translation-- Sor Gor 7/2018 January 19, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Unaudited) To: The President The Stock Exchange of Thailand

1 --Translation-- Sor Gor 11/2018 February 22, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Audited) To: The President The Stock Exchange of Thailand

quarter (2Q2020), despite the COVID-19 pandemic and flashfloods in some area in Thailand and Vietnam. The major highlights of our business in the first nine months are as follows: - Fashion business: a

to serve lower consumer purchasing power and grow the business. Enterprise business was the key growth area for many operators which captured the digitization trends in businesses and consumers. All