S&P MD&A 2017-Revised Year In Comparison Table -1- Ref. POL. 028/2018 February 23, 2018 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock

comparison with total operating revenue, SG&A per revenue decreased from 7.2% in 2018 to 6.7% in 2019 due to budgeting control policy. Cost and expense from delayed project In the third quarter of 2018, the

gained more new projects. In terms of total operating expenses, it usually varies in line with the increase or decrease in revenue as the comparison between Q1- 2017 and Q4-2016, The change in total

Microsoft Word - FY19 MDA edited after comment.docx 1 FY19 MD&A Advanced Info Service Plc. Executive Summary Mobile business grew amid competition In FY19, despite slow economic growth and continued

through Tender Offer Process Referring to the Conditional and Non-Binding Letter of Intent dated 5 September 2017 submitted by Advanced Info Service Public Company Limited (the “Company”), for the

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

1 1Q19 MD&A Advanced Info Service Plc. Executive Summary Mobile growth remained soft from ongoing price competition Overall mobile market in 1Q19 reflected industry's effort in gradually

to commissions fee from electrical engineering projects. However, in comparison with total operating revenue, SG&A per revenue decreased from 7.0% in 3/2018 to 6.2% in 3/2019 due to budgeting control

reputable company of which specializes in vehicle lithium battery production technology. With its advanced innovation, it is able to sustain charges 10 times faster than normal charging. Management Discussion

transaction size is calculated to be 2.02% using Comparison of Consideration Paid criteria and the size of disposal transactions during 6 months prior to date is equivalent to 2.95% pursuant to the Comparison