shop closure. Overall, aggressive data price plans and COVID-19 impact have resulted in ARPU dilution, -4.1% QoQ to Bt242 on a blended basis. In 1Q20, fixed broadband subscribers stood at 1,090,400

, blended ARPU decreased by 4.6%YoY to Bt224/sub/month. AIS Fibre customer growth was accelerated during the pandemic, with a net increase of 435k subscribers in FY21. At the end of FY21, AIS Fibre had 1.77mn

closure of Dusit Thani Bangkok hotel to make way for the development of the new mixed-use project on 5 January 2019 (THB 225 million), an absence of THB 169 million gain on sale of investment in one of the

-5,500 44,700 552,300 522,200 ARPU (Baht/sub/month) Postpaid 581 578 574 5621) 571 Prepaid 183 184 183 1781) 176 Blended 256 257 258 2531) 254 MOU (minute/sub/month) Postpaid 257 251 242 241 244 Prepaid

887,900 114,900 -122% -87% Total net additions -136,300 1,330,300 466,600 -442% -65% ARPU (Baht/sub/month) Postpaid 523 480 471 -9.9% -1.8% Prepaid 156 150 142 -9.1% -5.5% Blended 239 232 225 -6.2% -3.1

additions 466,600 506,600 881,200 89% 74% ARPU (Baht/sub/month) Postpaid 471 460 460 -2.3% 0% Prepaid 142 129 127 -11% -1.6% Blended 225 216 215 -4.4% -0.5% MOU (minute/sub/month) Postpaid 181 166 164 -9.4

% Prepaid 268,700 162,300 (800) -100% -100% Total net additions 506,600 351,400 108,000 -79% -69% ARPU (Baht/sub/month) Postpaid 460 455 449 -2.6% -1.3% Prepaid 129 123 120 -6.7% -2.4% Blended 216 213 210

% NM% Total net additions 881,100 108,000 (804,900) NM% NM% ARPU (Baht/sub/month) Postpaid 460 449 448 -2.6% -0.1% Prepaid 127 120 123 -2.7% 2.7% Blended 215 210 213 -0.7% 1.6% MOU (minute/sub/month

% Prepaid 123 123 125 1.9 % 1.7 % Blended 212 213 216 2.1 % 1.2 % MOU (minute/sub/month) Postpaid 155 146 141 -9.0% -3.4 % Prepaid 58 56 55 -5.2 % -1.8 % Blended 82 78 77 -6.1 % -1.3 % VOU (GB/data sub/month

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...