1 (Translation) MD. 108/2017 Aug 7, 2017 Re: Management Discussion and Analysis For the Operating Results ended June, 2017 To: President The Stock Exchange of Thailand Management Discussion and

1 (Translation) MD. 182 /2017 Nov 8 , 2017 Re: Management Discussion and Analysis For the Operating Results ended September, 2017 To: President The Stock Exchange of Thailand Management Discussion

the marketing expenses. AIS reported a net profit of Bt7,180mn, improved 14% YoY and 6.3% QoQ in line with better operating performance, and YoY benefited from a net FX gain. Market and Competitive

improvements from inflation benefiting from a recovery trend in the tourism sector, despite the arrivals remaining slower than expected. Mobile industry was affected by the softened local economic activities

collectively have the power to govern its financial and operating policies so as to obtain benefits from its activities. 8 2. The nature and extent of any transactions or presently proposed transactions which

performance of the Company’s wide range of investments. The Company’s gains and returns on financial instruments were derived from a variety of activities, including, derivative warrants (DWs), over-the-counter

Activities was 1,212 MB comprising of cash flow from net profit of 270 MB, and from other operating activities of 942 MB. Cash Flows from Investing Activities was 2,303 MB, mainly comprising of current

financial instruments were derived from a variety of activities, including, derivative warrants (DWs), over-the-counter (OTC) derivatives, investments in debt and equity securities for the Company’s own

. The Company’s gains and return on financial instruments were derived from a variety of activities, including, derivative warrants (DWs), over-the-counter (OTC) derivatives, investments in debt and

Container Line (Singapore), which is the brand-new company conducting the business of transportation principal equipped with its own container, formerly operating under Thai subsidiary. For Thai subsidiary