-Translation- Ref. No. PorBor. 029 / 2020 19 June 2020 Subject: Entering into Transaction of Disposing of Subsidiary’s Machines for the Debenture Debt repayment To: President The Stock Exchange of

flow, AIS paid a dividend of Bt21,203mn, a net debt repayment of Bt4,941mn, and lease of Bt8,858mn. As a result, net cash declined by Bt7,085m, ending with Bt11,336mn in outstanding cash. 3Q21 MD&A

which was recorded in 4Q22. Bad debt provision as % of postpaid and FBB revenue declined from 2.6% to 2.4% following the economic recovery. Classification: Internal 1Q23 MD&A Advanced Info Service Plc. 4

consumption and impair household debt serviceability and (5) the sluggish investment demand due to uncertain macroeconomic outlook, tightening credit conditions, and the delays in government budget process. For

household debt including lower household income especially in the non-farm sector limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first eight months of

debt including lower household income especially in the non-farm sector limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first 9 months of 2019

was driven by the outstanding profit of the Company and its subsidiary. In addition, the significant improvement of return on equity was from the decrease of shareholders’ equity as mentioned above. For

working capital because the debt collections from the overdue debtors are more effective, and the management of the trade creditors is better; 2. A decrease of the investment in the trading securities in a

the annual general meeting in April and paid out in May. Financial Status The group currently has no interest bearing debt. Cash reserves and financial investments at the 31st December, 2017 were THB

13% to 13% and 20% yoy. It was driven by the outstanding profit for the Company and its subsidiary. In addition, the significant improvement of return on equity was from the decrease of shareholders