Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of

; Share purchaser: Bangkok Airways Public Company Limited Issuer Company: U-Tapao International Aviation Company Limited 2 Parties involved in the Public-Private Partnership Agreement Governmental party

THB 3,900 per share, totaling THB 1,950,000,000 (the “Hello LED Shares Acquisition Transaction”). In this regard, after the Board of Directors’ Meeting approved the Transaction, the Company will enter

total shares of Hello LED, at a purchase price of THB 3,900 per share, totaling THB 1,950,000,000 (the “Hello LED Shares Acquisition Transaction”). In this regard, after the Board of Directors’ Meeting

Hello LED, at a purchase price of THB 3,900 per share, totaling THB 1,950,000,000 (the “Hello LED Shares Acquisition Transaction”). In this regard, after the Board of Directors’ Meeting approved the

conditions, of CSL (CS LOXINFO). The conditions mainly involve the deal approvals from THCOM and Singtel, the two major shareholders of CSL, and the NBTC. The tender offer at a price of Bt7.80/share shall be

driven by prepaid-to-postpaid migration, while ARPU declined 0.4%QoQ to Bt523 reflecting price competition and lower inter roaming revenue. Prepaid segment saw a decline of 532k due to COVID-19 affecting

increasing 0.8% QoQ. Underpinned by attractive handset campaigns and continuing prepaid- to- postpaid migration, postpaid segment added 354k subscribers while ARPU declined 1. 2% QoQ to Bt564. Prepaid segment

. Pricing environment were maintained with some discount to encourage port-in customers and prepaid to postpaid migration. For the fixed broadband market, although prices and speed of main packages were

handset bundling and pre- to-post migration. Prepaid segment grew robustly, adding 888k underpinned by strong acquisition and government stimulus campaigns as well as improving churn management. Although