Which May Constitute a Conflict of Interest in the Management of Mutual Funds in the part related to conclusion of transactions for property funds, mutatis mutandis ; (b) related party of a fund which

1 1Q18 MD&A Advanced Info Service Plc. Executive Summary Expand into potential growth areas of enterprise and mobile money AIS has executed two strategic deals totaling Bt4.2bn of cash transactions

was thus reduced to 29% in 2019 as compared to 37% in 2018. To regain the market share and reduce imports, the Company had to resort to very competitive pricing which impacted the EBITDA adversely

the amount of 36.2 million Baht or 9.6 percent. For other income amounted 14.2 million Baht compared previously year 10.9 million Baht. Table below shows the share of revenues in 2017 comprised of

funding for its own production. This is to maintain market share and to meet demand for HRC local customers. However, the domestic steel industry has been affected by a trade war between China and the

process and try to obtain new funding for its own production. This is to maintain market share and to meet demand for HRC local customers. However, the domestic steel industry has been affected by a trade

adjustment to the beginning balance of retained earnings as at 1-Jan-19. The effect of related transactions is presented in Note 2 of financial statements and also provided on page 4. Considering the entire

as follows: Pace Project One Co., Ltd. (PP1) 1st Independent financial advisory Method Business valuation Common Share Value Equity value (Low Case) 5,058 million Baht (910)* million Baht * The Company

1.88 -33.9% Share of profit from investment in associate 1.95 2.14 -0.19 -8.9% Income tax expenses -23.50 -49.39 25.89 -52.4% Net profit 134.30 200.70 -66.40 -33.1% Minority interest in subsidiary -47.35

Public Company Limited (“GFPT” or “ the Company” ) and its subsidiaries ( collectively, “ GFPT Group” ) for the year ended December 31, 2018 as well as included any significant transactions occurred during