1 2Q19 MD&A Advanced Info Service Plc. Executive Summary Competition in mobile saw an improvement In 2Q19 the price competition in mobile industry had improved with fixed speed unlimited data pricing

all android handsets, to exhibit leadership in 4G. Handset subsidies remained stable and more targeted; however, the competition in fixed- speed unlimited plans has challenged an ability to increase

by 4.1 percent due to a higher competition in a restaurant business and a continuous economic slowdown in Singapore, China and UK counties. In 3Q 2018, the Company generated revenues from the food and

Promotion Operation Review ... 1 The effect of natural disaster on earnings management Supavinee Jevasuwan Kasetsart University SEC Working Papers Forum 19th August 2015 2 Research Question 3

to mid-single digit, while maintaining EBITDA outlook with low-single digit decline and CAPEX of around Bt35bn. Market and Competitive Environment In 3Q20, mobile competition remained stable as all

revenue impacted from roaming and competition With the pandemic and escalated price competition in 1Q20, mobile revenue contracted -1.1% YoY and -4.5% QoQ to Bt30,334mn. As both inbound and outbound

revenue impacted from roaming and competition With the pandemic and escalated price competition in 1Q20, mobile revenue contracted -1.1% YoY and -4.5% QoQ to Bt30,334mn. As both inbound and outbound

1 FY18 MD&A Advanced Info Service Plc. Executive Summary Maintained leadership in mobile business In FY18 competition in mobile industry remained elevated particularly on data pricing with fixed

3Q21 MD&A Advanced Info Service Plc. Executive Summary Slight revenue improvement despite COVID restriction measures and continued competition During 3Q21, the economy remained subdue from COVID

competition in a restaurant business and a continuous economic slowdown in both counties. In 1Q18, the Company generated revenues from the food and bakery wholesales in the amount of THB 145 Million which