4G and fixed broadband network expansion. • Network OPEX was Bt6,879mn, increasing 38% YoY and 26% QoQ mainly due to the change in accounting treatment on the partnership with TOT since 1Q18. Excluding

the higher increase in revenue mentioned above, even though the selling and administration expenses were increased to support the expansion of the business. Earnings before Interest, Taxes, Depreciation

was Bt22,843mn, rising 2.1% YoY, following EBITDA expansion while offset by higher network D&A. 3 3Q18 MD&A Advanced Info Service Plc. 3Q18 Financial Summary Revenue In 3Q18, total revenue increased 9.2

comparing to 34.5% of the same period in last year. Sales of energy drinks in formats of bottles, non-carbonated and carbonated under the CBD’s operation was at 34.8%, increased from the 34.3% gross profit

the entering into of the transaction The Board of Director has considered that the Leasehold Transaction of One Thonglor will support the subsidiary business operation, business expansion of the Company

and subsidiaries reported Baht 9,744 million in net profit, decreasing Baht 1,173 million or 10.75 percent over-quarter. The decrease could be attributed to non-interest income, which dropped Baht 3,187

Equity (7.27) 5.29 (12.56) (237.43%) (4.86) (2.41) 49.59% (18.46) 10.26 (28.72) (279.92%) - Non-controlling Interest 0.34 (0.56) 0.90 (160.71%) 0.22 0.12 54.55% 0.58 (0.54) 1.12 (207.41%) For 9-month

will support the subsidiary business operation, business expansion of the Company and its long-term growth in the future as specified in section 8. (Translation) — 3 — 10. Opinions of the Audit Committee

maintenance cost and depreciation expense from the expansion pipeline system. However, Gross Profit Margins of excluding Other Utilities Revenue was 34.3% in 9M2019 flat with 34.4% in 9M2018 For our 3Q2019

53 million or 30.5% since these are non-core products but tools to expand the Company’s brand awareness. The new product, carbonated Carabao Green Apple flavor in a 180-ml can (“Carabao Green Apple