1 3Q20 MD&A Advanced Info Service Plc. Executive Summary Continued economic impact on mobile business despite improved pandemic situation in Thailand With well-managed pandemic situation, domestic

98 million, a slight decrease of 1.0% yoy, mainly from a decrease in revenue from Dusit Thani College resulting from fierce competitions and dropping in new student enrollment which is a structural

materials during Q3/2017, therefore, COGs per revenue still increase 2% to 82%, comparing to 80% of last year. o Regarding to fierce price competing, company faced with difficult situation in price adjustment

as mentioned above. The details of the established subsidiary company are as follows: Subsidiary Company’s Name : Gofive Company Limited Type of Business : IT Consulting, software, and managed services

, Thailand’s pastry and bakery industry face fierce competition from both direct and indirect competitors as result from (1) Pastry and bakery industry face a threat from a price war; hence competitors often use

%. Operating expenses decreased by Baht 18.7 million or 11.8% compared to Q3 2018. During the year, the hotel carefully managed costs while retaining a minimum impact on the quality of guest services and

14.61 million or increased THB 56.88 million or 134.57% because film production and distribution films’ right generated more revenue. Moreover, cost and expense of the Company was managed more effectively

decreased by Baht 39.0 million or 22.7% compared to Q2 2018. During the year, the hotel carefully managed costs while retaining a minimum impact on the quality of guest services and customer care. In addition

compared to the same period last year by gaining from dividend received. The financial structure of the Company was in the strength level and cash flow could be managed effectively, hence, there was no

. Entry into Australia will further diversify Indorama’s geographic presence. The Huntsman assets and IVL assets are managed by extremely talented people who together will forge a successful global