of the Thai baht and the intense competition which caused the exports to shrink from the previous year. Domestic consumption was also affected by high living expenses and household debt, as well as the

of high-cost care. For high-cost care revenue, the Company recorded at lower rate from THB. 12,800 in Y2019 to THB 10,679 per score this year. The actual receipt from Social Security Office was at THB

% KPPH Low High After-tax cost of debt (rd ) 6.80% 6.80% (corporate bond yield + country specific spread for Philippines) Cost of equity (re ) 17.10% 18.20% (preliminary cost of equity + country risk

cost of investing in the tractor is quite high. Resulting in increased management costs Resulting in a higher proportion of costs compared to revenue Administrative expenses of the company for the three

loss and high base of 2Q21 with one-time other income. Revised guidance from rising economic concerns Due to a rising concern on inflation, consumer spending, and continued intense competition, AIS

confidence. There is also expansion in government expenditure or public investment from infrastructure investment. However, Thai economy still facing external risk such as U.S. monetary and trading policy

1.05% from the previous quarter. However, substance economic challenges are remained such as global economic recession as a result of policy interest rate increment, high household debt level increasing

from non-social security patients which generated high margin and the increase of social security payment rate in the first half of year 2018. Moreover, the efficient cost management such as medicine

budgets to do CSR (Corporate Social Responsibility) instead. These are the main reasons that inevitably affects the Company's revenue and business performance. The Impact of the COVID-19 situation Risk

investors (II), venture capital funds (VC), private equity funds (PE), ultra high net worth investors (UHNW)22, as well as retail investors with some investment limit. • Retail investors should be allowed to