due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 1,117.52 million Baht, decreased by 103.66 million Baht or 8.49%. Income statement

%, compared to 4.1% in 4Q22. • Depreciation & amortization was Bt12,789mn, declining -1.4% YoY due to fully depreciated 3G network equipment, however, it slightly increased 0.5% QoQ. from our continued

(G-G) 55 million baht to 166 million baht, comparing to 9 month of last year. • Declining in tourists sector, sales of restaurant and food service business were declined of 41 million baht or 3% to 233

sales and increased in number of registered vehicles for investment purposes. Exports during the first quarter of 2019 contracted 1.6% from the same period last year as a result of declining global demand

to COVID-19 pandemic. Therefore, the customer spending was still not fully recovered and declined shopping frequency. In addition, the international travel restriction also affected the declining of

new subscribers caused a downward trend in ARPU falling to Bt432 or -3.1% QoQ. Mobile Business 2Q21 1Q22 2Q22 %YoY %QoQ Subscribers Postpaid 10,986,500 11,760,100 12,074,900 9.9% 2.7% Prepaid 32,247,200

% down from 1Q2017. The revenue from feed business continued declining due to intense competition of animal feed and aquatic feed in Thailand reflecting falling in revenue from animal feed and fish feed

commission, resulted in overall cost of service decreasing -1.5%YoY and remained flat QoQ. SG&A was under well-controlled, declining -26%YoY and flat QoQ. Marketing expenses dropped -33%YoY from lower

Management Discussion and Analysis 2017 P a g e | 2 Business Segment Performance In 2017, total revenue was THB 5,570 million, decreasing by 2.7 % from last year. Total revenue and EBITDA breakdown is as

THB 823 million, reduced by THB 98 million or 10.60% down from 2Q2016. The revenue from feed segment continued declining in 2Q2017 due to intense competition of feed business in Thailand for both animal