future. Business wise H1 2019 was challenging particularly in the most recent quarter. Business sentiment in multiple industrial segments important to us has been impacted by the macro economy and the

accidents. Business wise Q3 2019 as in Q2 the macro economy and the competitive landscape remains challenging. The continuing weakness in the steel sector had a significant volume and revenue impact, but we

Management Discussion and Analysis (MD&A) 2019 Page 1/8 Management Discussion and Analysis (MD&A) 2019 Overview and Factors Affecting Future Performance 2019 was considered a challenging year for the

holding of 51%). However, The Group still focused on managing and controlling cost to be continuously achieve maximum efficiency. Even through, the first half year of 2020 is a challenging half year for the

down last year. In Q1/2019, the Company shut down in February and March during waiting for signing new credit agreement in April and subsidiary shut down in February due to the damage of the important

of the Office. In issuing the notification in accordance with the first paragraph, the Office shall specify the following important matters: (1) capital fund, net total assets and business operation of

1 2017 MD&A Advanced Info Service Plc. Executive Summary In 2017, mobile business improved from stronger 4G positioning amidst competitive environment. Competitive landscape remained challenging in

financial institutions of Baht 114 million; and (3) cash paid to finance costs of Baht 66 million. 6. Forward Looking The Year 2019 was another challenging year for the Company. We dealt with uncontrollable

containment measures in Thailand. With regards to domestic demand, public expenditure would remain an important economic driver. Meanwhile, private consumption should gradually pick up compared to second

strategic partnership for Enterprise and VDO content In 2Q21, we formed two important partnerships. (1) Microsoft strategic partnership is part of our growth strategy in cloud service by bringing in global