% from Q3/2019 and 38% from 9M/2019, respectively. • The decrease in operating revenue was mainly from the fall in purchasing power of domestic consumers as a result of the economic downturn and the

by significant increase in device sales due to the low baseline from lockdown last year. Core service revenue was Bt97,575mn, flat YoY, and reflected prolonged economic impact due to weak consumer

2021 as a result of economic activities began to recover as a result of the relaxation of the COVID-19 control measures, especially in the domestic tourism sector. In addition, the government's various

gradually increased since June 2022, as a result from an economic recovery from COVID-19 pandemic. As a result, more tourists on both domestically and abroad have travelled in Thailand which results in a

in government spending, investment, and economic stimulus, further impacting the pick-up truck segment. Domestic demand fell by 23.7% to 144,271 units. The rise in electric car sales in Thailand, which

Page 1 of 10 Management Discussion & Analysis Q3/2024 1. Overview of Business Operations, Economy, and Industrial Conditions Affecting Operations In Q3/2024, Thailand's economic outlook shows signs

(“MMOU”) (“IOSCO MMOU”) ꃂ숀  ꃂ 숀  ꃂ 숀  ꃂ 숀  ꃂ 숀 1.2 หน่วยงานกำกับดูแลของประเทศที่อยู่ในกลุ่มประเทศ Organization for Economic Co-operation and Development (“OECD”) ꃂ숀  ꃂ 숀  ꃂ 숀  ꃂ

MMOU”) ꃂ 숀  ꃂ 숀  ꃂ ㈀⸀ 숀 หน่วยงานกำกับดูแลของประเทศที่อยู่ในกลุ่มประเทศ Organization for Economic Co-operation and Development (“OECD”) ꃂ 숀  ꃂ 숀  ꃂ ㌀⸀ 숀 หน่วยงานกำกับดูแลของ

MMOU”)       (ข)  หน่วยงานกำกับดูแลในกลุ่มประเทศ Organization for Economic Co-operation and Development (“OECD”)       (ค

& Analysis Management Discussion & Analysis (MD&A) Q1/2018 3 • Energy Consumption in Q1/2018 Thailand’s economic overview for Q1/2018 indicates that the Gross Domestic Product (GDP) has been revaluated to grow