impact and uncertainty of land and building tax and stricter lending policies by financial institutions as loan-to- value (LTV) measures and an economic downturn which led to the slowdown of purchases of

the deferred tax benefits as much as possible within 2020. However, the Company evaluates that there is the remaining uncertainty about the future utilization of the related benefit because they relate

accounting standard, the Company is required to record lease contract which has outstanding period of more than 12 months in the financial statements. The affected lease contracts related to the lease of space

borderless marketplace of the ASEAN Economic Community (AEC). Given the increased degree of uncertainty in global economies, especially pressure from a looming trade war among core economies and their

increased .In addition the Social security revenue of subsidiaries decreased because of the uncertainty of the payment system of Social security office. 2. Cost of hospital operations & Administrative

increased degree of uncertainty in global economies and trade policies, businesses may have to contend with Thai Baht volatility and rising interest rate trends. Acting upon our strategy of strengthening

outstanding cash at the end of Jun-21. 5 2Q21 MD&A Advanced Info Service Plc. Income statement (Bt mn) 2Q20 1Q21 2Q21 %YoY %QoQ 1H20 1H21 %YoY Mobile revenue 29,536 29,351 29,098 -1.5% -0.9% 59,870 58,449 -2.4

flow, AIS paid a dividend of Bt21,203mn, a net debt repayment of Bt4,941mn, and lease of Bt8,858mn. As a result, net cash declined by Bt7,085m, ending with Bt11,336mn in outstanding cash. 3Q21 MD&A

of tourism and service sectors, coupled with increased consumer purchasing power from reduced inflation. Nonetheless, the global economy showed a sign of uncertainty and a risk of recession, causing

from the expansion of business of the Company due to the increase of cost of program right which was invested during the period to support the business growth. In addition, the Company has an outstanding