Management Discussion and Analysis 1 Ref: AC.017/2020 18 May 2020 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange

Microsoft Word - 2002-003EN Management Discussion and Analysis for the year 2019 (Ending Dec 31, 2019) (Revise Template) Ref. No. 2002/003EN February 20, 2019 Subject Management Discussion and

Microsoft Word - 1905-022EN Management Discussion and Analysis for Q1-2019 (Ending Mar 31, 2019) Ref. No. 1905/022EN May 9, 2019 Subject Management Discussion and Analysis for Q1/2019 (Ending March

Microsoft Word - 1911-033EN Management Discussion and Analysis for Q3-2019 (Ending Sep 30 2019).docx Ref. No. 1911/033EN November 12, 2019 Subject Management Discussion and Analysis for Q3/2019

handset discounts and prepaid- to-postpaid migration, while prepaid segment acquired a net addition of 360k following an uptake in segmented SIMs and improving churn management. Fixed broadband subscribers

still in higher level than anticipated by the management. Other income and fixed cost Financial performance of solar energy for the three-month period (Unit : Million Baht) Quarter 2, 2017 Quarter 1, 2017

implemented cost management program to reduce fixed expense items such as salary and benefits, professional fee and office rental. Finance Costs Finance costs consist of lease payments under the sub-lease

the Association of Investment Management Companies. In case of fixed income funds, the following additional details shall be displayed: 13.9 Average Maturity of Debt Instruments The average maturity of

calculation method shall be in accordance with the rules of the Association of Investment Management Companies. In case of fixed income funds, the following additional details shall be displayed: 13.9 Average

guarantee future results. 3 years 5 years 10 years Since inception Fund Benchmarks Fund standard deviation Benchmark standard deviation Morningstar Fund Rating Investors can study liquidity risk management