that the investment in a term fund is risk free. The proposed amendments would also require the presentation of a risk spectrum that reflects levels of risk in proportion to investment concentration in

accomplishment of cost management policy, 2 | MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR 2020 • Gross margin: UWC has recorded gross margin since Q1-2020 due to accomplishment of cost management policy

increase by 3.1% YoY and flat QoQ to amount of Bt22,934mn supported by enhancement of core service revenue, combined with optimization of SG&A. D&A rose 4.0% YoY and 0.8% QoQ from spectrum license of 700MHz

1 8 July 2019 Subject: The entering into the transaction of requesting to return a license to use the spectrum and operate a television business of the subsidiary of the Company (Spring 26 Company

demand continues to rise, AIS aiming to strengthen our leadership position in delivering the best mobile data network decided to bid for an additional 1800MHz spectrum, resulting in AIS having the largest

severance pay provision in 1H19. As a result, EBITDA (Pre-TFRS 16) was Bt38,714mn +1.8%YoY with a margin of 45.5% supported by saving in SG&A expenses offset by declined revenue. With the 2600MHz spectrum

assets were at Bt307,485mn, decreased -4.1% due to the amortization of spectrum licenses, Network and PPE, and lower right-of-use assets. Total liabilities closed at Bt267,156mn, declined -4.6% from the

assets were at Bt307,485mn, decreased -4.1% due to the amortization of spectrum licenses, Network and PPE, and lower right-of-use assets. Total liabilities closed at Bt267,156mn, declined -4.6% from the

assets were at Bt307,485mn, decreased -4.1% due to the amortization of spectrum licenses, Network and PPE, and lower right-of-use assets. Total liabilities closed at Bt267,156mn, declined -4.6% from the

until the accomplishment of the full installed capacity as planned of which it is scheduled to be completed by the end of 2024. However, the Joint Venture is under the further negotiation with the joint