Microsoft Word - SET-AIS-CP 007-2020 Acquisition of spectrum license.docx (Translation) AIS-CP 007/2020 19 February 2020 Subject: Acquisition of spectrum license To: President The Stock Exchange of

of IRPC Clean Power Phase 2 (IRPC-CP Phase 2) in November 2017, in which GPSC holds 51% equity, has expanded the electricity generating capacity allowing the company to increase the volume of

Utilities Plant increased after the main customers resumed normal operation from the scheduled maintenance in Q2/2017 even though Sriracha Power Plant had lower dispatch volume to Electricity Generating

Clean Power Phase 1 (IRPC-CP Phase 1): The revenue in Q2/2017 increased by 43% due to a major industrial customer resumed its normal operation from a maintenance in Q1/2017, resulting in Baht 62 million

broadband remains resilient while enterprise business was recovering Fixed broadband business continued to grow 21%YoY in revenue driven by increased demand for home connectivity from the new normal, albeit

resumed its normal operation from Q1/2017 as well as the higher selling price from the increase in Ft rate. The full operation of both phases of IRPC-CP also drove the revenue up. Cost of sales and services

payable days slightly increased from 65 days to 72 days due to higher vendor financing following network expansion. Credit term and collection period The normal credit term granted by the Company ranges

contracts with customers” (TFRS 15), foreign exchange, and deferred tax asset. Normalized net profit clearly reflects the company's true earnings from its normal operations. In Q1/2019, the NNP was Baht 1,053

. Account payable days slightly increased from 72 days to 73 days due to higher capex payable following 5G network expansion. Credit term and collection period The normal credit term granted by the Company

2600MHz 700MHz Total Assets 350,171 100% 363,733 100% 2021 1,776 13,329 3,128 7,565 - - Trade payable 22,382 6.4% 22,310 6.1% 2022 - 14,040 - 7,565 - 3,473 ST loan & CP of LT loans 18,748 5.4% 17,205 4.7