at a par value of 181,440,000 Baht by the acquisition of IGE's existing ordinary shares will occur only as the condition below, 1. The Company has been approved by the shareholders' meeting to purchase

20231030-ADVANC-MDA-3Q23-EN 3Q23 MD&A Advanced Info Service Plc. 1 Executive Summary 3Q23 illustrated AIS core business growth from quality focus despite low season challenges. 3Q23 Thai economy

headcount. This will help not only strengthen our core platform but also ensure sustainable long-term growth. In addition, the Company set aside additional provisions for employee retirement benefits in the

subsid lion baht mo t. And for th the same pe revenues wa ease of 19.1 778.2 million tegies in mo h Life Time only mobile 017. This cau 2017 was 4 collection an remarkably bt purchased tion revenue Page 2

the O&M service of the MRT Purple Line, both operated in August 2016 which the Company realized those revenues only for 5 months, while fully realized in the year 2017. In addition, interest income

Revenue was attributable to growth of industrial water’s sales volume mainly from newly Commercial Operation Date (“COD”) of 2 SPPs (GNLL2 and other SPP), existing customers and new IEs customers. In this

the online top-up service business through Boonterm kiosk as well as expand the business into new businesses by being not only an e-payment service provider in the online top-up market but also the

health and esthetics. 2. Overview of operating results for the year 2019. Thai’s economic has trend to growing lower continuously, Not only exporting business but Travelling business also have trend to

. Thailand registered a GDP growth of only 2.4% during 2019 against 4.1% in 2018 with the fourth quarter 2019 growth at merely 1.6%. Further, Total Hot Rolled Steel consumption for 2019 at 6.66 million MT

added 53,300 subscribers amidst competitive market, delivering revenue growth of 26% YoY and 2.1% QoQ. The focus of AIS Fibre remained on quality customer acquisition and service as we continue to scale