1 3Q20 MD&A Advanced Info Service Plc. Executive Summary Continued economic impact on mobile business despite improved pandemic situation in Thailand With well-managed pandemic situation, domestic

period last year but slightly dropped 5.2% from last quarter due to electric vehicle business slowdown and telecommunication technology life cycle impact . Gross profit of this quarter amounted to Baht

including the impact that must result in a price adjustment and the adjustment of the selling price is quite difficult because this business group is highly competitive in the current economic situation

(raw material), COGs/revenue ratio of Q1/2019 are at high level. This is because of high stock level carried over Q4/2018.  Increase in cost of sales of are main impact to minus in bottom line. 3 / 4

reported consolidated revenues of Baht 815.4 million, decreased by 9.6%. Sales revenues reported Baht 799.5 million, decreased by 10.9% from slower sales and unfavorable currency impact especially in the

working capital within the Company. This transaction does not have any negative impact to the Company. - Calculation method : The transaction of above are considered the disposal of assets. According to the

(SET) Re: Disclosure of Information of Listed Companies Concerning the Connected Transactions B.E.2546 (2003). The aforementioned transaction does not have any impact on the right of the Company’s

13,144 million, went up 6.9% from those of the same period last year. However, if the impact on the fluctuation of THB/USD is not taken into consideration, sales growth in this quarter would become approx

impact neither on the Company’s proportionate interest in NWR-SBCC Joint Venture nor the operation of this project with EGAT. At present, the Project has already been completed and is on the process of

decrease in LME Zinc price in 2018 had a major impact on the sales and services income in 2018. Total expenses of 3Q 2018 reached 1,263.16MB, a decrease of 7% from 1,351.49MB in 3Q 2017 and total expenses of