a continuing decline of 4.7%. For the second half of 2019, the Thai economy is projected to remain subdued stemming from 4 risk factors 1) the continuing trade tensions between the US and trading

statements. Overall market environment The Thai economy for the first 8 months of 2019 grew at a slower pace from both the domestic and external demands. Private consumption slowed down in almost all

. Overall market environment The Thai economy for the first 9 months of 2019 grew at a slower pace from both the domestic and external demands. Private consumption slowed down in almost all categories

/ Impact from the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16) since 1 January 2020 which caused higher depreciation and interest expenses (net after tax). Operating Highlights Q1/2019

1 1Q20 MD&A Advanced Info Service Plc. Executive Summary Impact from the COVID-19 pandemic The COVID-19 pandemic has affected Thai economy as early on in February, particularly from the contraction

customers through our partnership strategy. This includes content collaborations with Disney+ Hotstar, BBC, and Thai League. Expected mid-single digit growth in FY22 In summary, AIS generated Bt130,972mn of

Ventures Public Company Limited for the first quarter of 2019 We are pleased to submit: 1. Consolidated and Company only Quarterly Review Financial Statements for the first quarter of 2019 (a copy in Thai

in Thai and English) 2. Management Discussion and Analysis (MD&A) for the first quarter of 2019 (a copy in Thai and English) 3. Company's performance report, Form F45-3 for the first quarter of 2019 (a

Ventures Public Company Limited for the second quarter of 2018 We are pleased to submit: 1. Consolidated and Company only Annual Audited Financial Statements for the second quarter of 2018 (a copy in Thai

Translation (Unofficial Translation) PAGE (Unofficial Translation) Page 32 of 32 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly