relation to new excise taxes in effective since 16 September 2017. However, the Company does not adjust the selling price to reflect the higher cost immediately. Instead, the selling price of ready-to-drink

1 3Q19 MD&A Advanced Info Service Plc. Executive Summary Mobile revenue driven by postpaid price adjustment In 3Q19, the postpaid segment continued its growth as we continued to adjust postpaid price

together with the risk level, with an explanation on the risks based on the fund’s risk level, which is between 1 – 8. The management company may adjust the explanation to be consistent with the investment

color level, and the risk profile shall be shown together with the risk level, with an explanation on the risks based on the fund’s risk level, which is between 1 – 8. The management company may adjust

shall be shown together with the risk level, with an explanation on the risks based on the fund’s risk level, which is between 1 – 8. The management company may adjust the explanation to be consistent

with the risk level, with an explanation on the risks based on the fund’s risk level, which is between 1 – 8. The management company may adjust the explanation to be consistent with the investment policy

in September, while the company was unable to adequately adjust retail prices to keep up with the increasing product cost. Power Plant Business Group earned lower revenue from sales and rendering of

capital increase in joint ventures proportionately. 4. Decrease in short-term investments of THB 438.9 mm, which was mainly from the Company divested some investment units to manage the liquidity 5

total revenue was decreased from 2017 to 8.13% or decreased by 7.58%. This is due to the fluctuation of CPO’s price in 2018 were less than in 2017, where the company efficiently manage production yields

performance recovery by strict cost control and cost reduction and ramping up asset utilization to manage fixed costs. In Q3/2019, we have recognized apparent expenses decrease. This contribution leveraged our