Microsoft Word - ACE MDA Q419 - ENG - Final 1 No. ACE-ACC-1/2020 24 February 2020 Subject Management Discussion and Analysis for the year ended 31 December 2019 To President The Stock Exchange of

” means a prospectus which is identical to a draft prospectus filed with the Office; (12) “market maker” means a person appointed by a mutual fund management company to perform duty in managing the trading

identical to a draft prospectus filed with the Office; (12) “market maker” means a person appointed by a mutual fund management company to perform duty in managing the trading price of investment units of an

”) held on April 5, 2019, approved the acquisition of ordinary shares of Universal Waste Management Company Limited (“UWM” or the “Target”), formerly named Asia Recycle Holding Company Limited, by Ferrum

electricity sales THB 99 million, tax provision THB 84 million, and impact from different timing of accounting standard implementation of THB 5 million. Overall, the operating profit reduced from THB Management

fund of person in sub clause (1) or (2) above, but not including any provident fund. “conflict person” means the following persons: (1) REIT manager; (2) director, executive, authorized management person

1 (Translation) MD. 108/2017 Aug 7, 2017 Re: Management Discussion and Analysis For the Operating Results ended June, 2017 To: President The Stock Exchange of Thailand Management Discussion and

expenses were Bt3,321mn, increasing 12% YoY mainly due to expansion in fixed broadband business. QoQ, the expenses rose 5.4% due to higher handset provision.  Depreciation and amortization was Bt120mn

1 (Translation) MD. 182 /2017 Nov 8 , 2017 Re: Management Discussion and Analysis For the Operating Results ended September, 2017 To: President The Stock Exchange of Thailand Management Discussion

receivable’ and ‘provision for revenue sharing’ on balance sheet while there is no impact on the income statement. 2. During the quarter, AIS has announced a 50:50 Joint Venture (JV) Agreement with the Siam