14.5 percent due to repayments of loan during the year and temporarily prepayment of loan using unutilized proceed from IPO which pending to use as capital expenditures of power plant projects under

net repayments of Bt738mn, cash outstanding was Bt9,067mn. 4 FY18 MD&A Advanced Info Service Plc. Income statement (Bt mn) 4Q17 3Q18 4Q18 %YoY %QoQ FY17 FY18 %YoY Mobile revenue 31,016 30,862 31,364 1.1

million and repayments Baht 3 million. In addition, subsidiary’s deferred income tax liabilities decreased Baht 5 million because this year deferred tax assets was more than deferred income tax liabilities

from repayments of loan and debentures, comprised decrease of interest rates of loans from bank since the fourth quarter of 2019. Tax income (expense) For the first quarter of 2020 and 2019, the Group

% YoY from Baht 108.8 million to Baht 25.1 million. Finance costs for 6-month period decrease 76.5% YoY from Baht 218.6 million to Baht 51.4 million as a result of repayments of loan and debentures

past three years from the National Credit Bureau Co., Ltd. and the financial statements audited by a certified public accountant. If “Yes”, explain the reasons for the default of debt repayments. 32

63.6 million, decreasing Baht 6.2 million, mainly derived from decreasing in interest expense from loans as the result from prepayment loan repayments, comprise decrease of interest rate of loans from

decrease 9.2% 9M YoY from Baht 105.9 million to Baht 96.2 million, decreasing Baht 9.7 million, mainly derived from decreasing in interest expense from loans as the result from prepayment loan repayments

percent. Total business loans (64.1 percent of all loans) shrank by 0.8 percent due to the economic slowdown and debt repayments in many types of businesses. Corporate loans (excluding financial businesses

impacted by the outbreak: hotels and restaurants, trading and transportations further impacting private consumption and household debt repayments (3) public and private investments also likely to slow down