MANAGEMENT DISCUSSION AND ANALYSIS FOR 2017 2 2. ECONOMIC SITUATION Thai economy continually expanded supported by every economic engine especially merchandise exports that were uplifted from global trade

stood at 676,700, growing 9% QoQ or a net addition of 53,300. However, amidst pricing competition, ARPU declined 2.2% QoQ to Bt597. Focusing on quality acquisition, AIS Fibre maintained coverage in 50 key

such as credit card cash advance and YourCash while credit card shopping showed recovery at 3% q-q supported by domestic consumption in supermarket, online shopping and traveling. In addition, the Bank

remote working which supported subscriber growth, offsetting a decline YoY in ARPU from aggressive price offering in the market. • Enterprise non-mobile revenue & others were Bt1,486mn, increasing 29% YoY

is growing instead of print media. Combined with the rigorous policy of reducing costs particularly, the voluntary redundancy program that company has started since the fourth quarter of 2016. However

their partnership especially in the fast growing airbag market. The operation is expected to start by 1st Quarter of 2022. Please be informed accordingly. Yours faithfully, (Mr. Souvik Roy Chowdhury

The SEC Board’s approval of the principles for supervising additional digital asset businesses would not only benefit securities companies that have recently showed their growing interest in

Fixed income funds are steadily growing with more diversified investment portfolios. As of the end of 2018, net assets value of fixed income funds was approximately 2.6 trillion baht, most of

to submit PE Trust-1 Report to the SEC office within 15 days as from the end of the financial period of the trust, but since such tax incentive may attract a growing number of PE trust establishments

of SEC Thailand, said: “As the innovative development in the financial services sector is growing exponentially, our collaborative partnership is an important initiative that enables both