from relocating some product from the old production line to the new one; 4) higher excise tax as well as sugar tax following the Excise Act, B.E. 2560, effective since 16 September 2017; 5) higher R&D

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

economy and price competition Mobile revenue was Bt28,847mn, decreasing -1.7% YoY and -2.5% QoQ impacted by low spending amidst Omicron’s spread and relatively high base of 1Q21 from government stimulus

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

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 FY20 MD&A Advanced Info Service Plc. Executive Summary Mobile business affected by weak economy and competition in data pricing Slowdown in economic and business activities had been observed

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

subcontractor and fabricators like UEC. This is effect to small volume for UEC in Q1/2018 and very high competition. Discussion and Analysis of the Company and its subsidiaries Operational Results in Q1/2018 and

Million Baht (56%) from Q2/2016. The main causes for the lower net profit are economic in Thailand have not yet recover and intense competition. Discussion and Analysis of the Company and its subsidiaries

that, the market competition intensified to compete for market share due to contraction in demand. 2 2. Total cost of goods sold amounting to 1,715 million Baht was increased by 87.74 million Baht from