Earth Tech Environment Public Company Limited 11th November 2020 Subject Management Discussion and Analysis Financial Performance for the quarter ended 30th September 2020 To President The Stock

operators retained higher price point for unlimited data plan which had been raised since 2Q20. However, overall pricing environment was still challenging to uplift ARPU as customers affected by sluggish

core mobile revenue growth with network and service quality leadership, pricing discipline, and ecosystem economy Mobile revenue recorded Bt29,258mn, with a 1.4% YoY improvement benefited from the

.................................................................................................... 14 4.2. Our Visions Towards Sustainable Finance ............................................................................... 14 4.3. Key Features of a Successful Sustainable Finance Ecosystem for

-competitive environment. The revenue recorded at Bt10,064mn, an increase of 19% YoY. AIS focuses on a fixed-mobile- content convergence (FMC) strategy alongside consistent service standards and introducing

Capital Adequacy Ratio (CAR) and Common Equity Tier 1 ratio (CET1) stood at 19.6 percent and 16.0 percent, respectively. The evolving business environment in 2019 required commercial banks in Thailand to

demonstrated a cautious growth from expansions of private consumption and tourism sector, while facing global and local economic headwinds and challenges from high interest rate environment. Overall, AIS

, with a manufacturing capacity of 50 tons per day. In this connection, the Company will have Environment Pulp and Packaging Co., Ltd., which is a subsidiary of the Company, act as the project company, the

effectively. In this exciting environment, companies that are able to adapt themselves are more likely to survive and outperform their counterparts. In anticipation of such developments, VGI was the first

stimulus measures. Against this backdrop, KBank has established its business direction primarily by considering the balance of three dimensions – economy, society and environment – under good corporate