excess. In addition, the COVID-19 outbreak resulted in various refineries successively lowering production to coincide with dwindling demand. Dated Brent and Dubai spread (DTD/DB) average in Q1/2020

Cogeneration Company Limited, the Company’s wholly owned subsidiary, on October 1, 2019, resulted in the increase in revenue from sales and rendering of services. Management Discussion and Analysis For the 1st

same period last year. This resulted from the government measures to control the COVID-19 pandemic, by temporary closure of stores in Fashion and Hardline segments while Food segment were impacted by

assets were Baht 495 million, increasing from the end of previous year amount of Baht 21 million or 4.3%, mainly resulted from right-of-use assets increased amount of Baht 35 million while property, plant

exchange, deferred income tax and lease income 363 - 363 100% - Paju ES : The operating result was Baht 363 million. This was resulted from the acquisition 49% of Paju ES on January 15, 2019. Page 7 EGCO

shutdowns for planned maintenance more than those of the same period of the previous year. This resulted in the decrease in revenue from sales and rendering of services (excluding fuel costs) due to the

during rush hour. As the recent COVID-19 outbreak resulted in the temporary closure of the sit-in service within the dessert stores, the Company recognized the important to prepare for changes that may

% yoy, +6% qoq) and non- mobile enterprise business grew 13% yoy. We continued on with cost optimization while expanding 5G network which resulted in controlled cost of service (+3% yoy, -0.5% qoq) and

of a larger data plan; this resulted in the ARPU uplift for these 5G subscribers by 10-15%. We still aim to achieve 2mn 5G subscribers by the end of the year. The key drivers would be a higher data

resulted in weak consumer spending, particularly on mobile services. However, remote working continued to provide decent demand for home broadband. Overall, AIS reported core service revenue of Bt32,770mn