came mainly from crude oil price rebound in 2018. And even with lower pressure on Glycerin price from growing market supply in the second half of 2018, full year average Glycerin price remained high

compensation from NBTC partially covered revenue loss. After gradual lifting of lockdown in late May-20 and economic activity slowly resumed, there were pent-up demand led to rebound in new acquisition and

operators continued to offer low-price plans and discounts for new acquisitions and to address weak consumption, ARPU slightly rebound to Bt446 or +0.7% QoQ. Mobile Business 1Q21 4Q21 1Q22 %YoY %QoQ

trend development was more than offset by the continued positive growth sentiment of advertising spending in November and December 2017, driven by the economic rebound in exports, tourism and automotive

like Hygiene fibers and Lifestyle, where as some are high performance like Mobility though linked to global GDP and auto manufacturing. We have seen good rebound in our fibers business in the early part

TISCO: TISCO FINANCIAL GROUP PUBLIC COMPANY LIMITED TLI: THAI LIFE INSURANCE PUBLIC COMPANY LIMITED TSI: THE THAI SETAKIJ INSURANCE PUBLIC COMPANY LIMITED TTA: THORESEN THAI AGENCIES PUBLIC COMPANY

HOLDINGS PUBLIC COMPANY LIMITED TISCO: TISCO FINANCIAL GROUP PUBLIC COMPANY LIMITED TOG: THAI OPTICAL GROUP PUBLIC COMPANY LIMITED TRUBB: THAI RUBBER LATEX GROUP PUBLIC COMPANY LIMITED TU: THAI UNION GROUP

2.81 370,279 2.86 340,023 2.87 CIMB Thai 296,307 1.61 177,703 1.37 195,872 1.65 TISCO Bank 288,315 1.57 181,499 1.40 234,201 1.97 Kiatnakin Bank 245,088 1.33 133,278 1.03 184,342 1.55 Land and Houses

is expected to be around 1-2% to the full-year performance, which has already been factored into our full-year forecast. We expect that the advertising segment will rebound after the mourning period as

traction from the first quarter. The ongoing economic rebound was mainly driven by exports and tourism, whereas domestic spending and investment only gradually picked up. Still, the economy has yet to see