1Q22 MD&A Advanced Info Service Plc. Executive Summary Prolonged economic impact from Omicron outbreak and rising inflation in 1Q22 In 1Q22, Thailand’s economic recovery was challenged as private

slowdown in the global economy. Global recession is foreseen to be a key to slow down the growth in Thai economic recovery, private consumption, and purchasing powers particularly in low-mid income segment

consequence of the decrease in purchasing power of customers since the end of the previous year which affected the entire IT industry including the Company. Nevertheless, the Company has continued to undertake

sales, which decreased by THB 704.60 million. This decline is a consequence of the decrease in purchasing power of customers since the end of the previous year which affected the entire IT industry

to look after private health insurance patients. 44 หมู่ 4 ถ.แจง้วฒันะ ต.ปากเกร็ด อ.ปากเกร็ด จ.นนทบุรี 11120 โทร +66 2836 9990 โทรสาร +66 2106 4858 44 Moo 4 Chaengwattana Road, Pakkred, Nonthaburi

, private consumption and tourism. Both private and public investments remain largely at stable levels whilst consumer spending is constrained due to high household debt levels, decline in agricultural

being the continuous recovery of the tourism sector, the private consumption and the private investment, while the headline inflation rate averaged of only 0.5%. The unemployment rate in 3Q/2023 was

which the supporting factors still being the continuous recovery of the tourism sector, the private consumption and the private investment, while the headline inflation rate averaged of only 0.1%-1.1

2020 1 1.2 Banking Industry and Competition 2 1.3 Significant Regulations and Rules related to Business Operations 3 2. Risk Management and Risk Factors 7 2.1 Credit Risk Management 7 2.2 Market Risk

support of investment and private spending as well as bolstering opportunities for other economic sectors. Nonetheless, protectionism triggered by the US-China trade dispute dealt a blow to global economic