contract term, profitability of the contract remains the same. By the Standard, key changes compared to prior to 2019, are as follows: a) Device subsidy previously recognized as handset loss will be

, AIS fully expensed handset subsidy as either handset loss or marketing expense. With the effect of TFRS 15, key financial changes, compared to prior to 2019, will be as follows: a) Device subsidy

as integrated operators focused on offering higher bundling value than standalone products. 2 2Q18 MD&A Advanced Info Service Plc. 2Q18 Operational Summary In 2Q18, total mobile subscribers were 40.1mn

re-contract customers with steep discount. Integrated players continued to attract customers with bundling plans (home broadband, mobile and contents) aiming to realize customer value in the long term

service quality and integrated bundling through service guarantee such as 24hr maintenance and on-time arrival. Mobile Business 2Q20 1Q21 2Q21 %YoY %QoQ Subscribers Postpaid 9,536,400 10,634,800 10,986,500

under other service revenues and device sales. As the acquisition value was higher than CSL’s net identifiable assets, AIS recognized the value difference as goodwill amounting to Bt2.8bn. With the

10.9 11.4 11.5 Device Penetration 4G-handset penetration 54% 57% 59% 63% 66% Fixed Broadband Business FBB subscribers 623,400 676,700 730,500 795,000 855,400 FBB net addition 51,600 53,300 53,800 64,500

% Prepaid 16.1 17.3 20.9 21% 30% Blended 17.2 19.7 22.6 15% 32% Device Penetration 4G-handset penetration 76% 80% 81% - - Fixed Broadband Business FBB subscribers 1,255,500 1,535,900 1,668,900 33% 8.7% FBB

. Integrated operators had increasingly emphasized on convergence offerings and value-added services such as speed boost, equipment upgrades and contents to differentiate and uplift revenue. FY20 Operational

661 6664-5 www.indoramaventures.com Ref.No.IVL001/01/2020 6th January 2020 President The Stock Exchange of Thailand Subject: Report on the Completion of the Acquisition of the Integrated Oxides and