postponed their investments to transform as they focused to secure the bottom line. Classification: Internal FY22 MD&A Advanced Info Service Plc. 2 Mobile Business 4Q21 3Q22 4Q22 %YoY %QoQ Subscribers

2.5% yoy. This increase was mainly caused by: - The delay of the academic year 2018 of the university in Philippines to start in 2Q18. Therefore, the academic fee (Lyceum) was postponed to be recognized

million from the reversal of deferred tax assets during the reporting quarter amounting to Baht 2.97 million as compared to the recognition of the deferred tax assets of Baht 0.24 million during the 3

8,016 5,337 2,679 50% Total Expenses (7,221) (4,956) (156) (126) (7,377) (5,082) 2,295 45% Share of Profit (Loss) 2,417 2,037 12 4 2,429 2,041 388 19% Profit (Loss) before FX, deferred income tax

foreign exchange, deferred income tax, and lease income 2,475 3,046 13 22 2,488 3,068 (580) (19%) Deferred income (expense) tax (197) 25 - 1 (197) 26 (223) (100%) Profit (Loss) before the effects of foreign

of foreign exchange, deferred income tax, and lease income 2,504 2,967 45 50 2,549 3,017 (468) (16%) Deferred income (expense) tax 22 (13) - - 22 (13) 35 100% Profit (Loss) before the effects of

quarter of 2017, customers were unable to install due to heavy rain and flooding. Delayed delivery and installation resulted in Q3 2017 performance as follows; - Decreased on sales from Baht 305.90M in

information and delayed disclosure of the said information as long as possible. On the contrary, the previous research found that, for financial statement disclosure, the companies usually rushed into

to replace the less energy efficient ones in order to conserve energy, but this year the Retail Chain had delayed the investments. Profit for the period The Company's profit of the quarter was 3.3

(loss): A slump in shares of profits by 390% from the same period of the previous year was solely due to a negative performance of Advance Power Conversion Company (APCON) whose projects had been delayed