times and manageable level of inventory. Regarding commercial business, to partially help our tenants in both office and retail space to sustain and grow business in the future, a short-term rental

growth opportunities with optimization discipline CAPEX is planned to be around Bt27-30bn depending on the foreign exchange rate. AIS aims to sustain our network leadership with optimal CAPEX expenditure

challenging in 1Q19. In strategic areas, aggressive price plans and handset campaigns were launched, especially in prepaid, in which AIS was competitive to preserve scale. As a result, mobile revenue grew 1.1

49,163.2 mm as of 31 December 2019. The increase was partly from bank loan drawdown by the end of the first quarter of 2020 in order to hold the cash for bonds matured in April 2020 as well as preserve for

following the implementation of the Thai Financial Reporting Standard No. 16 "Leases" (TFRS 16) and (2) interest expense from the drawdown of working capital loan to preserve liquidity during the COVID-19

possible conflict of interests To sustain the company’s operations under the prevailing severe competitive situation, the company needed to secure the support of business partners and business alliance

management expansion plan to Australia of our subsidiary Elite Havens. Our priority also to preserve financial liquidity. As of 30 June 2020, the Company had cash and short-term investments around THB 1,260

process of reviewing 2020 investment plan and lower business expansion target to preserve cash for the Company’s liquidity as top priority in order to serve the best interest to our stakeholders

media into its product portfolio in order to sustain its competitive edge. The currently main digital media of the Company comprises of CBD LED Network (Digital Billboard) and Aroy Aroy Network. 4

reliable utilities to customers which will sustain its performance in comparable level with last year. Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q3/2018 Financial Performance