mutual understanding that the information is shared confidentially. The Principles are high-level objectives that CRAs, regulators, rated entities, obligors, underwriters, arrangers, and other market

objectives that CRAs, regulators, rated entities, obligors, underwriters, arrangers, and other market participants should strive toward in order to improve investor protection and the fairness, efficiency and

projects under implementation.  More recently, Returns on Equity and on Capital Employed have surpassed the double-digit level. Specifically, for 2Q17, IVL achieved core ROE of 18.2% and a core ROCE of 12.6

investment unit values, the values shall be rounded to 5 decimal digits according to international rules, and the results when announced shall be represented in 4 decimal digits by deleting the digit in the

Tenor : 5 years Maturity Date : Within 2025 Interest Rate : 2.45% - 2.70% per annum Interest Payment Date : Semi-annually Credit rating : “AA" with a “Stable” outlook rated by TRIS Rating Co., Ltd. The

to mid-single digit, while maintaining EBITDA outlook with low-single digit decline and CAPEX of around Bt35bn. Market and Competitive Environment In 3Q20, mobile competition remained stable as all

revised FY22 guidance and outlook. Core-service revenue to low-single-digit growth (revised from mid- single-digit growth). EBITDA to flat to slightly decline (revised from low-single-digit growth). We

trend while 5G service at the start Accelerated by pandemic, businesses have been urged to transition or adopt digital technologies. AIS saw revenue in cloud and enterprise solution posed double digit

customers through our partnership strategy. This includes content collaborations with Disney+ Hotstar, BBC, and Thai League. Expected mid-single digit growth in FY22 In summary, AIS generated Bt130,972mn of

business strengthened by CSL acquisition helped enhance AIS’ s capability to serve enterprise segment in areas such as enterprise data service and cloud which grew double digit while both AIS and CSL