E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due largely to healthier growth of exports and tourism, especially in the first half of the year. Meanwhile, the government continued to implement measures to promote and strengthen the domestic economy through support of investment and private spending as well as bolstering opportunities for other econo...

top-up through Boonterm kiosk is not much growing. In the middle of Quarter 2, the Smart Boonterm kiosk that sells SIM Card with e-KYC service has launched in the market. In 2H19, the internal economy

generate higher income, and this scheme will complete at the end of this year. The usage amounts from money transfer are continually growing driven by a decrease of the number of banks’ branch then customers

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

transaction amount was Bt9,074mn. However, the money transfer service, of which the Company is the banking agent for 6 banks, has been growing consistently with 1,650,528 transactions per month, increasing 73.0

service, of which the Company is the banking agent for 6 banks. The money transfer has been growing consistently with 1,734 ,915 transactions per month, increasing 76.4% YoY. In term of lending business

operations were also growing, recording 2.9% growth year-on-year. However, China operations decreased slightly by 8.4% due to the expiration of purchase tax incentives for combustion engine cars and subsidies

to contract with the government. 9. Conditions for approval The subsidiary company will only invest in the project once it has attained approval from the shareholders of the company with no less than

such as salaries, bonuses, and other benefits. The expenses have increased in line with growing number of employees. In addition, in the year 2019, the Company had the additional expenses from 2018, such

among particular segments including teens and tourists. Fixed broadband saw healthy growth focusing on FMC AIS Fibre has achieved robust results with revenue growing 27% YoY and 6. 3% QoQ while net