True Corporation Public Company Limited

	2018	2017 (Restated)	2016 (Restated)
Service revenues^1/ (Million Baht)	101,788	97,025	88,058
Total revenues (Million Baht)	162,773	141,290	124,719
EBITDA (Million Baht)	56,001	39,912	25,071
Operating profit (Million Baht)	22,408	6,440	(492)
Net profit (loss) to equity holders of the Company (Million Baht)	7,035	551	(2,814)

2018

2017 (Restated)

2016 (Restated)

Service revenues^1/ (Million Baht)

101,788

97,025

88,058

Total revenues (Million Baht)

162,773

141,290

124,719

EBITDA (Million Baht)

56,001

39,912

25,071

Operating profit (Million Baht)

22,408

6,440

(492)

Net profit (loss) to equity holders of the Company
(Million Baht)

7,035

551

(2,814)

	2018	2017 (Restated)	2016 (Restated)
Total assets (Million Baht)	495,569	459,182	444,684
Total liabilities (Million Baht)	361,685	330,998	317,203
Total shareholders' equity (Million Baht)	133,884	128,184	127,481

2018

2017 (Restated)

2016 (Restated)

Total assets (Million Baht)

495,569

459,182

444,684

Total liabilities (Million Baht)

361,685

330,998

317,203

Total shareholders' equity (Million Baht)

133,884

128,184

127,481

	2018	2017 (Restated)	2016 (Restated)
Current Ratio (Times)	0.6	0.6	0.7
Quick Ratio-Accrual Basis (Times)	0.4	0.3	0.5

2018

2017 (Restated)

2016 (Restated)

Current Ratio (Times)

0.6

0.7

Quick Ratio-Accrual Basis (Times)

0.4

0.3

0.5

	2018	2017 (Restated)	2016 (Restated)
Receivable Turnover Ratio (Times)	3.6	3.7	3.8
Average Collection Period (Days)	100	98	95
Inventory Turnover Ratio (Times)	2.0	2.2	3.0
Average Inventory Turnover Period (Days)	177	162	121
Payable Turnover Ratio (Times)	1.5	1.5	1.8
Average Payment Period (Days)	236	234	198
Cash Cycle (Days)	41	26	18

2018

2017 (Restated)

2016 (Restated)

Receivable Turnover Ratio (Times)

3.6

3.7

3.8

Average Collection Period (Days)

100

Inventory Turnover Ratio (Times)

2.0

2.2

3.0

Average Inventory Turnover Period (Days)

177

162

121

Payable Turnover Ratio (Times)

1.5

1.8

Average Payment Period (Days)

236

234

198

Cash Cycle (Days)

	2018	2017 (Restated)	2016 (Restated)
Net Debt to EBITDA ^2/ (Times)	2.3	2.5	2.5
Net Debt to Equity ^2/ (Times)	1.0	0.8	0.5
Total Liabilities to Total Equity Ratio (Times)	2.7	2.6	2.5
Interest coverage ratio ^3/ (Times)	10.3	6.6	5.2

2018

2017 (Restated)

2016 (Restated)

Net Debt to EBITDA ^2/ (Times)

2.3

2.5

Net Debt to Equity ^2/ (Times)

1.0

0.8

0.5

Total Liabilities to Total Equity Ratio (Times)

2.7

2.6

2.5

Interest coverage ratio ^3/ (Times)

10.3

6.6

5.2

	2018	2017 (Restated)	2016 (Restated)
Gross Profit Margin (%)	35.3%	27.9%	23.3%
Net Profit Margin (%)	4.3%	0.4%	-2.3%
Return on Equity (%)	5.4%	0.4%	-2.8%

2018

2017 (Restated)

2016 (Restated)

Gross Profit Margin (%)

35.3%

27.9%

23.3%

Net Profit Margin (%)

4.3%

0.4%

-2.3%

Return on Equity (%)

5.4%

0.4%

-2.8%

	2018	2017 (Restated)	2016 (Restated)
Profit (loss) per share (Baht)	0.21	0.02	(0.10)
Book value per share (Baht)	4.01	3.84	3.82
Share price at the end of period (Baht)	5.20	6.20	7.15
No. of outstanding shares at year end (Million Shares)	33,368	33,368	33,368
Market capitalization (Million Baht)	173,515	206,883	238,583

2018

2017 (Restated)

2016 (Restated)

Profit (loss) per share (Baht)

0.21

0.02

(0.10)

Book value per share (Baht)

4.01

3.84

3.82

Share price at the end of period (Baht)

5.20

6.20

7.15

No. of outstanding shares at year end (Million Shares)

33,368

Market capitalization (Million Baht)

173,515

206,883

238,583

COMPANY NAME	FIRST NAME	LAST NAME
AIRA SECURITIES PUBLIC COMPANY LIMITED	Phonthep	Wongnak
APPLEWEALTH SECURITIES COMPANY LIMITED	Piyatat	Pasommanatsakul
ASIA PLUS SECURITIES PUBLIC COMPANY LIMITED	Kawee	Manitsupavong
ASIA PLUS SECURITIES PUBLIC COMPANY LIMITED	Suwat	Wattanapornprom
ASIA WEALTH SECURITIES COMPANY LIMITED	Nutchapol	Cheevavichawalkul
ASL SECURITIES CO., LTD	Kamin	Jatejarungwong
BNP PARIBAS SECURITIES ASIA	Wei Shi	Wu
BUALUANG SECURITIES PUBLIC COMPANY LIMITED	Prasit	Sujiravorakul
CAPITAL NOMURA SECURITIES PUBLIC COMPANY LIMITED	Nuttapon	Kumnounphon
CGS-CIMB Securities (Thailand) Co., Ltd.	Wasu	Mattanapotchanart
CITICORP SECURITIES (THAILAND) LTD	Arthur	Pineda
CLSA SECURITIES (THAILAND) LIMITED	Weerapat	Wonk-urai
COUNTRY GROUP SECURITIES PUBLIC COMPANY LIMITED	Putcharin	Wattanakaewsripetch
CREDIT SUISSE SECURITIES (THAILAND) LIMITED	Colin	McCallum
DEUTSCHE TISCO INVESTMENT ADVISORY COMPANY LIMITED	Thapana	Phanich
FINANSIA SYRUS SECURITIES PUBLIC COMPANY LIMITED	Veeravat	Virochpoka
GLOBLEX SECURITIES COMPANY LIMITED	Boonyarith	Benjathanarak
IV GLOBAL SECURITIES PUBLIC CO., LTD.	Rattana	Leenutaphong
JPMORGAN SECURITIES (THAILAND) LIMITED	Princy	Singh
KASIKORN SECURITIES PUBLIC COMPANY LIMITED	Pisut	Ngamvijitvong
KGI SECURITIES (THAILAND) PUBLIC COMPANY LIMITED	Piyathida	Sonthisombat
KRUNGSRI SECURITIES PUBLIC COMPANY LIMITED	Kittisorn	Pruitipat
KT ZMICO SECURITIES COMPANY LIMITED	Waraporn	Wiboonkanarak
KTB SECURITIES (THAILAND) COMPANY LIMITED	Nontapat	Rushtasomboon
MACQUARIE SECURITIES (THAILAND) LIMITED	Prem	Jearajasingam
NEW STREET RESEARCH LLP	Chris	Hoare
NOMURA SECURITIES SINGAPORE	Gopakumar	Pullaikodi
RHB SECURITIES (THAILAND) PCL.	Pakorn	Khaoeian
PHATRA SECURITIES PUBLIC COMPANY LIMITED	Thitithep	Nophaket
SCB SECURITIES COMPANY LIMITED	Phatipak	Navawatana
THANACHART SECURITIES PUBLIC COMPANY LIMITED	Sarachada	Sornsong
TRINITY SECURITIES COMPANY LIMITED	Ekkarin	Wongsiri
UBS SECURITIES (THAILAND) LIMITED	Navin	Killa
UOB KAYHIAN SECURITIES (THAILAND) PUBLIC COMPANY LIMITED	Chaiwat	Arsirawichai
YUANTA SECURITIES (THAILAND) COMPANY LIMITED	Supachai	Wattanavitheskul

COMPANY NAME

FIRST NAME

LAST NAME

AIRA SECURITIES PUBLIC COMPANY LIMITED

Phonthep

Wongnak

APPLEWEALTH SECURITIES COMPANY LIMITED

Piyatat

Pasommanatsakul

ASIA PLUS SECURITIES PUBLIC COMPANY LIMITED

Kawee

Manitsupavong

ASIA PLUS SECURITIES PUBLIC COMPANY LIMITED

Suwat

Wattanapornprom

ASIA WEALTH SECURITIES COMPANY LIMITED

Nutchapol

Cheevavichawalkul

ASL SECURITIES CO., LTD

Kamin

Jatejarungwong

BNP PARIBAS SECURITIES ASIA

Wei Shi

BUALUANG SECURITIES PUBLIC COMPANY LIMITED

Prasit

Sujiravorakul

CAPITAL NOMURA SECURITIES PUBLIC COMPANY LIMITED

Nuttapon

Kumnounphon

CGS-CIMB Securities (Thailand) Co., Ltd.

Wasu

Mattanapotchanart

CITICORP SECURITIES (THAILAND) LTD

Arthur

Pineda

CLSA SECURITIES (THAILAND) LIMITED

Weerapat

Wonk-urai

COUNTRY GROUP SECURITIES PUBLIC COMPANY LIMITED

Putcharin

Wattanakaewsripetch

CREDIT SUISSE SECURITIES (THAILAND) LIMITED

Colin

McCallum

DEUTSCHE TISCO INVESTMENT ADVISORY COMPANY LIMITED

Thapana

Phanich

FINANSIA SYRUS SECURITIES PUBLIC COMPANY LIMITED

Veeravat

Virochpoka

GLOBLEX SECURITIES COMPANY LIMITED

Boonyarith

Benjathanarak

IV GLOBAL SECURITIES PUBLIC CO., LTD.

Rattana

Leenutaphong

JPMORGAN SECURITIES (THAILAND) LIMITED

Princy

Singh

KASIKORN SECURITIES PUBLIC COMPANY LIMITED

Pisut

Ngamvijitvong

KGI SECURITIES (THAILAND) PUBLIC COMPANY LIMITED

Piyathida

Sonthisombat

KRUNGSRI SECURITIES PUBLIC COMPANY LIMITED

Kittisorn

Pruitipat

KT ZMICO SECURITIES COMPANY LIMITED

Waraporn

Wiboonkanarak

KTB SECURITIES (THAILAND) COMPANY LIMITED

Nontapat

Rushtasomboon

MACQUARIE SECURITIES (THAILAND) LIMITED

Prem

Jearajasingam

NEW STREET RESEARCH LLP

Chris

Hoare

NOMURA SECURITIES SINGAPORE

Gopakumar

Pullaikodi

RHB SECURITIES (THAILAND) PCL.

Pakorn

Khaoeian

PHATRA SECURITIES PUBLIC COMPANY LIMITED

Thitithep

Nophaket

SCB SECURITIES COMPANY LIMITED

Phatipak

Navawatana

THANACHART SECURITIES PUBLIC COMPANY LIMITED

Sarachada

Sornsong

TRINITY SECURITIES COMPANY LIMITED

Ekkarin

Wongsiri

UBS SECURITIES (THAILAND) LIMITED

Navin

Killa

UOB KAYHIAN SECURITIES (THAILAND) PUBLIC COMPANY LIMITED

Chaiwat

Arsirawichai

YUANTA SECURITIES (THAILAND) COMPANY LIMITED

Supachai

Wattanavitheskul

XI Date	Payment	Period	Coupon Rate (%)
26-Apr-16	10-May-16	10-Nov-2015 - 09-May-2016	4.11
27-Oct-16	10-Nov-16	10-May-2016 - 09-Nov-2016	4.11
26-Apr-17	11-May-17	10-Nov-2016 - 09-May-2017	4.11
27-Oct-17	10-Nov-17	10-May-2017 - 09-Nov-2017	4.11
26-Apr-18	10-May-18	10-Nov-2017 - 09-May-2018	4.11
29-Oct-18	12-Nov-18	10-May-2018 - 09-Nov-2018	4.11
26-Apr-19	10-May-19	10-Nov-2018 - 09-May-2019	4.11
28-Oct-19	11-Nov-19	10-May-2019 - 09-Nov-2019	4.11
27-Apr-20	11-May-20	10-Nov-2019 - 09-May-2020	4.11
27-Oct-20	10-Nov-20	10-May-2020 - 09-Nov-2020	4.11
26-Apr-21	10-May-21	10-Nov-2020 - 09-May-2021	4.11
27-Oct-21	10-Nov-21	10-May-2021 - 09-Nov-2021	4.11
26-Apr-22	10-May-22	10-Nov-2021 - 09-May-2022	4.11

No.	Start date	Register closing date	End date	Payment date	Payment frequency (days)	Coupon rate (%)
1	6/3/2014	23/5/2014	5/6/2014	6/6/2014	92	5.4
2	6/6/2014	25/8/2014	5/9/2014	8/9/2014	92	5.4
3	6/9/2014	24/11/2014	5/12/2014	8/12/2014	91	5.4
4	6/12/2014	20/2/2015	5/3/2015	6/3/2015	90	5.4
5	6/3/2015	25/5/2015	5/6/2015	8/6/2015	92	5.4
6	6/6/2015	24/8/2015	5/9/2015	7/9/2015	92	5.4
7	6/9/2015	23/11/2015	5/12/2015	7/12/2015	91	5.4
8	6/12/2015	22/2/2016	5/3/2016	7/3/2016	91	5.4
9	6/3/2016	23/5/2016	5/6/2016	6/6/2016	92	5.4
10	6/6/2016	23/8/2016	5/9/2016	6/9/2016	92	5.4
11	6/9/2016	22/11/2016	5/12/2016	6/12/2016	91	5.4
12	6/12/2016	20/2/2017	5/3/2017	6/3/2017	90	5.4
13	6/3/2017	23/5/2017	5/6/2017	6/6/2017	92	5.4
14	6/6/2017	23/8/2017	5/9/2017	6/9/2017	92	5.4
15	6/9/2017	22/11/2017	5/12/2017	6/12/2017	91	5.4
16	6/12/2017	20/2/2018	5/3/2018	6/3/2018	90	5.4

No.	Payment Date	Beginning Balance	Coupon (%)	Interest Amount	Principal Amount	Total Payment	Ending Balance
0	5 Jul 13	0	5.55	-	-	-	1,000.00
1	7 Oct 13	1,000.00	5.55	13.98904110	-	13.98904110	1,000.00
2	6 Jan 14	1,000.00	5.55	13.98904110	-	13.98904110	1,000.00
3	7 Apr 14	1,000.00	5.55	13.68493151	-	13.68493151	1,000.00
4	7 Jul 14	1,000.00	5.55	13.83698630	-	13.83698630	1,000.00
5	6 Oct 14	1,000.00	5.55	13.98904110	-	13.98904110	1,000.00
6	5 Jan 15	1,000.00	5.55	13.98904110	-	13.98904110	1,000.00
7	6 Apr 15	1,000.00	5.55	13.68493151	-	13.68493151	1,000.00
8	6 Jul 15	1,000.00	5.55	13.83698630	-	13.83698630	1,000.00
9	5 Oct 15	1,000.00	5.55	13.98904110	-	13.98904110	1,000.00
10	5 Jan 16	1,000.00	5.55	13.98904110	-	13.98904110	1,000.00
11	5 Apr 16	1,000.00	5.55	13.83698630	-	13.83698630	1,000.00
12	5 Jul 16	1,000.00	5.55	13.83698630	-	13.83698630	1,000.00
13	5 Oct 16	1,000.00	5.55	13.98904110	-	13.98904110	1,000.00
14	5 Jan 17	1,000.00	5.55	13.98904110	-	13.98904110	1,000.00
15	5 Apr 17	1,000.00	5.55	13.68493151	-	13.68493151	1,000.00
16	5 Jul 17	1,000.00	5.55	13.83698630	1,000.00	1,013.83698630	0.00

No.

Payment Date

Beginning Balance

Coupon (%)

Interest Amount

Principal Amount

Total Payment

Ending Balance

5 Jul 13

5.55

1,000.00

7 Oct 13

1,000.00

5.55

13.98904110

1,000.00

6 Jan 14

1,000.00

5.55

13.98904110

1,000.00

7 Apr 14

1,000.00

5.55

13.68493151

1,000.00

7 Jul 14

1,000.00

5.55

13.83698630

1,000.00

6 Oct 14

1,000.00

5.55

13.98904110

1,000.00

5 Jan 15

1,000.00

5.55

13.98904110

1,000.00

6 Apr 15

1,000.00

5.55

13.68493151

1,000.00

6 Jul 15

1,000.00

5.55

13.83698630

1,000.00

5 Oct 15

1,000.00

5.55

13.98904110

1,000.00

5 Jan 16

1,000.00

5.55

13.98904110

1,000.00

5 Apr 16

1,000.00

5.55

13.83698630

1,000.00

5 Jul 16

1,000.00

5.55

13.83698630

1,000.00

5 Oct 16

1,000.00

5.55

13.98904110

1,000.00

5 Jan 17

1,000.00

5.55

13.98904110

1,000.00

5 Apr 17

1,000.00

5.55

13.68493151

1,000.00

5 Jul 17

1,000.00

5.55

13.83698630

1,000.00

1,013.83698630

0.00

No.	Payment Date	Beginning Balance	Coupon (%)	Interest Amount	Principal Amount	Total Payment	Ending Balance
0	5 Apr 13	0	5.80	-	-	-	1,000.00
1	5 Jul 13	1,000.00	5.80	14.46027397	-	14.46027397	1,000.00
2	7 Oct 13	1,000.00	5.80	14.61917808	-	14.61917808	1,000.00
3	6 Jan 14	1,000.00	5.80	14.61917808	-	14.61917808	1,000.00
4	8 Apr 14	1,000.00	5.80	14.30136986	-	14.30136986	1,000.00
5	7 Jul 14	1,000.00	5.80	14.46027397	-	14.46027397	1,000.00
6	6 Oct 14	1,000.00	5.80	14.61917808	-	14.61917808	1,000.00
7	5 Jan 15	1,000.00	5.80	14.61917808	-	14.61917808	1,000.00
8	7 Apr 15	1,000.00	5.80	14.30136986	-	14.30136986	1,000.00
9	6 Jul 15	1,000.00	5.80	14.46027397	-	14.46027397	1,000.00
10	5 Oct 15	1,000.00	5.80	14.61917808	-	14.61917808	1,000.00
11	5 Jan 16	1,000.00	5.80	14.61917808	-	14.61917808	1,000.00
12	5 Apr 16	1,000.00	5.80	14.46027397	-	14.46027397	1,000.00
13	5 Jul 16	1,000.00	5.80	14.46027397	-	14.46027397	1,000.00
14	5 Oct 16	1,000.00	5.80	14.61917808	-	14.61917808	1,000.00
15	5 Jan 17	1,000.00	5.80	14.61917808	-	14.61917808	1,000.00
16	5 Apr 17	1,000.00	5.80	14.30136986	1,000.00	1,014.30136986	0.00

No.

Payment Date

Beginning Balance

Coupon (%)

Interest Amount

Principal Amount

Total Payment

Ending Balance

5 Apr 13

5.80

1,000.00

5 Jul 13

1,000.00

5.80

14.46027397

1,000.00

7 Oct 13

1,000.00

5.80

14.61917808

1,000.00

6 Jan 14

1,000.00

5.80

14.61917808

1,000.00

8 Apr 14

1,000.00

5.80

14.30136986

1,000.00

7 Jul 14

1,000.00

5.80

14.46027397

1,000.00

6 Oct 14

1,000.00

5.80

14.61917808

1,000.00

5 Jan 15

1,000.00

5.80

14.61917808

1,000.00

7 Apr 15

1,000.00

5.80

14.30136986

1,000.00

6 Jul 15

1,000.00

5.80

14.46027397

1,000.00

5 Oct 15

1,000.00

5.80

14.61917808

1,000.00

5 Jan 16

1,000.00

5.80

14.61917808

1,000.00

5 Apr 16

1,000.00

5.80

14.46027397

1,000.00

5 Jul 16

1,000.00

5.80

14.46027397

1,000.00

5 Oct 16

1,000.00

5.80

14.61917808

1,000.00

5 Jan 17

1,000.00

5.80

14.61917808

1,000.00

5 Apr 17

1,000.00

5.80

14.30136986

1,000.00

1,014.30136986

0.00

Company Name	Address	Type of Business	Paid-up Capital	% of investment
AP&J Production Co., Ltd.	105/1,Thetsaban Songkhro Road, Ladyao, Jatujak, Bangkok 10900 Tel. (662) 954-3512 Fax. (662) 954-3513	Entertainment	THB 16.67 million divided into 166,667 ordinary shares with a par value of Baht 100 each and fully paid up.	70.00
Asia Wireless Communication Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Mobile equipment Lessor	THB 5,720.92 million divided into 1,144.18 million ordinary shares with a par value of Baht 5 each and fully paid up.	100.00
Bangkok Inter Teletech Public Company Limited	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Holding Company	THB 16,229 million divided into 6,491.74 million ordinary shares with a par value of Baht 2.50 each and fully paid up.	99.74
BFKT (Thailand) Limited	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Mobile equipment Lesso	THB 23,358.32 million divided into 233.58 million ordinary shares with a par value of Baht 100 each and fully paid up.	100.00
Cineplex Co., Ltd.	118/1 Tipco Tower, Rama VI Road ,Phayathai, Phayathai, Bangkok 10400 Tel. (662) 764-9000 Fax. (662) 764-9900	Program production	THB 1,283.43 million divided into 128.34 million ordinary shares with a par value of Baht 10 each and fully paid up.	100.00
Hutchison CAT Wireless MultiMedia Limited	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Dormant	THB 950 million divided into 95 million ordinary shares with a par value of Baht 10 each and fully paid up.	68.20
Hutchison MultiMedia Services (Thailand) Limited	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Dormant	THB 230 million divided into 23 million ordinary shares with a par value of Baht 10 each and fully paid up	100.00
Hutchison Telecommunications (Thailand) Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Dormant	THB 54 million divided into 3.6 million ordinary shares with a par value of Baht 15 each and fully paid up	100.00
Hutchison WirelessMultiMedia Holdings Limited	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Holding company	THB 10 million divided into 590,000 ordinary shares and 410,000 preference shares with a par value of Baht 10 each and fully paid up.	92.26
Internet Knowledge Service Center Co., Ltd.	2/4 Chubb Tower, 10th Floor, Vibhavadee-Rangsit Road, Thungsonghong, Laksi, Bangkok 10210 Tel. (662) 779-7777 Fax. (662) 779-7111	Non-government telecommunication	THB 50 million divided into 12 million ordinary shares with a par value of Baht 10 each, 2.67 million ordinary shares fully paid up and 9.33 million ordinary shares call-up Baht 2.50 each	56.93
KSC Commercial Internet Co., Ltd.	2/4 Chubb Tower, 10th Floor, Vibhavadee-Rangsit Road, Thungsonghong, Laksi, Bangkok 10210 Tel. (662) 779-7777 Fax. (662) 779-7111	Internet services provider	THB 153.04 million divided into 15.3 million ordinary shares with a par value of Baht 10 each and fully paid up.	56.84
MKSC World Dot Com Co., Ltd.	2/4 Chubb Tower, 10th Floor, Vibhavadee-Rangsit Road, Thungsonghong, Laksi, Bangkok 10210 Tel. (662) 779-7777 Fax. (662) 779-7111	Internet services and distributor	THB 139.64 million divided into 13.95 million ordinary shares and 0.01 million preference shares with a par value of Baht 10 each fully paid up.	91.08
Panther Entertainment Co., Ltd.	118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400 Tel. (662) 764-9000 Fax. (662) 764-9900	Artist management and related business	THB 555 million divided into 105.5 million ordinary shares with a par value of Baht 10 each 15.50 million ordinary shares fully paid up and 90 million ordinary shares call-up Baht 4.44 each.	99.99
Real Move Company Limited	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Reseller of mobile phone services	THB 7,000 million divided into 70 million ordinary shares with a par value of Baht 100 each and fully paid up.	99.74
Samut Pakan Media Corporation Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Dormant	THB 1 million divided into 10,000 ordinary shares with a par value of Baht 100 each and fully paid up.	99.69
Sattellite Service Co., Ltd.	118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400 Tel. (662) 764-9000 Fax. (662) 764-9900	Sales and rental of equipment related to Pay Television	THB 1,338 million divided into 223 million ordinary shares with a par value of Baht 6 each and fully paid up.	99.53
SM True Co., Ltd.	118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400 Tel. (662) 764-9000 Fax. (662) 764-9900	Artist management and related business	THB 20 million divided into 0.2 million ordinary shares with a par value of Baht 100 each and fully paid up.	51.00
Song Dao Company Limited	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Dormant	THB 1 million divided into 10,000 ordinary shares with a par value of Baht 100 each and fully paid up.	99.71
Tele Engineering & Services Co., Ltd..	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Dormant	THB 25 million divided into 2.5 million ordinary shares with a par value of Baht 10 each and fully paid up.	100.00
Telecom Asset Management Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Marketing Management	THB 2.5 million divided into 1 million ordinary shares with a par value of Baht 10 each and call-up Baht 2.50 each.	100.00
Telecom Holding Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Holding Company	THB 39,160.99 million divided into 5,082.62 million ordinary shares with a par value of Baht 8 each, 4,332.62 million ordinary shares is fully paid up and 750 million ordinary shares is called-up for Baht 6 each.	100.00
Telecom KSC Co., Ltd.	2/4 Chubb Tower, 10th Floor, Vibhavadee-Rangsit Road, Thungsonghong, Laksi, Bangkok 10210 Tel. (662) 779-7777 Fax. (662) 779-7111	Dormant	THB 250,000 divided into 100,000 ordinary shares with a par value of Baht 10 each and call-up Baht 2.50 each	34.39
Thai News Network (TNN) Co., Ltd.	118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400 Tel. (662) 764-9000 Fax. (662) 764-9900	News Channel	THB 1,600 million divided into 20 million ordinary shares with a par value of Baht 100 each, 10 million ordinary shares fully paid up and 10 million ordinary shares call-up Baht 60 each.	100.00
True Digital & Media Platform Co., Ltd	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Trading and internet provider including online digital media services on website and telecommunication devices	THB 500 million divided into 5 million ordinary shares with a par value of Baht 100 each and fully paid up.	100.00
True Digital Park Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Business solution provider	THB 100.75 million divided into 40 million ordinary shares with a par value of Baht 10 each, 100,000 ordinary shares fully paid up and 39.90 million ordinary shares call-up Baht 2.50 each.	100.00
True Distribution & Sales Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Distribution Center Services	THB 16,301 million divided into 163.01 million ordinary shares with a par value of Baht 100 each and fully paid up.	99.70
True4U Station Co., Ltd.	118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400 Tel. (662) 764-9000 Fax. (662) 764-9900	Television and related business	THB 3,260 million divided into 70 million ordinary shares with a par value of Baht 100 each, 10 million ordinary shares fully paid up and 60 million ordinary shares call-up Baht 37.67 each.	100.00
True Icontent Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Contents provider	THB 201 million divided into 20.1 million ordinary shares with a par value of Baht 10 eachsand fully paid up.	100.00
True Incube Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Holding Company	THB 40 million divided into 16 million ordinary shares with a par value of Baht 10 each and call-up Baht 2.50 each.	100.00
True E-Logistics Co., Ltd (formerly “True Information Technology Co., Ltd.”)	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Consultancy and management services related to logistics	THB 1,347 million divided into 134.7 million ordinary shares with a par value of Baht 10 each and fully paid up.	100.00
True International Communication Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Dormant	THB 22 million divided into 850,000 ordinary shares with a par value of Baht 100 each, 10,000 ordinary shares fully paid up and 840,000 ordinary shares call-up Baht 25 each.	100.00
True International Gateway Co., Ltd.	1 Fortune Town Building, 15th Floor, Ratchadapisek Road, Din Dang, Bangkok 10400 Tel. (662) 641-1800	Telecommunication and internet service	THB 436 million divided into 4.36 million ordinary shares with a par value of Baht 100 each and fully paid up.	100.00
True Internet Corporation Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Telecommunication services and internet solution provider	THB 10,000 million divided into 100 million ordinary shares with a par value of Baht 100 each and fully paid up.	100.00
True Life Plus Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 643-1111 Fax. (662) 643-1651	Telecommunication services reseller	THB 2,195 million divided into 257.5 million ordinary shares with a par value of Baht 10 each, 97.5 million ordinary shares fully paid up and 160 million ordinary shares call-up Baht 7.625 each	100.00
True Media Solutions Co., Ltd.	118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400 Tel. (662) 764-9000 Fax. (662) 764-9900	Advertising sale and agency	THB 25 million divided into 2.5 million ordinary shares with a par value of Baht 10 each and fully paid up.	100.00
True Move Company Limited	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Telecommunication management services	THB 3,387.07 million divided into 677.41 million ordinary shares with a par value of Baht 5 each and fully paid up.	99.70
True Move H Universal Communication Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Wireless Telecommunication services	THB 141,959.30 million divided into 14,195.93 million ordinary shares with a par value of Baht 10 each and fully paid up.	100.00
True Multimedia Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Mobile equipment lessor	THB 6,562 million divided into 656.2 million ordinary shares with a par value of Baht 10 each and fully paid up.	91.08
True Music Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Content provider	THB 200,000 divided into 20,000 ordinary shares with a par value of Baht 10 each and fully paid up.	99.67
True Public Communication Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Dormant	THB 97 million divided into 970,000 ordinary shares with a par value of Baht 100 each and fully paid up.	100.00
True Touch Company Limited	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Call centre services	THB 173.70 million divided into 1.93 million ordinary shares with a par value of Baht 90 each and fully paid up.	100.00
True United Football Club Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Football Club and related activities management	THB 320 million divided into 32 million ordinary shares with a par value of Baht 10 each and fully paid up.	70.00
True Visions Cable Public Company Limited	118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400 Tel. (662) 764-9000 Fax. (662) 764-9900	Pay Television via cable system	THB 7,608.65 million divided into 760.86 million ordinary shares with a par value of Baht 10 each and fully paid up.	99.10
True Visions Group Co., Ltd.	118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400 Tel. (662) 764-9000 Fax. (662) 764-9900	Pay Television	THB 24,516.70 million divided into 305.17 million ordinary shares with a par value of Baht 100 each, 225.17 million ordinary shares fully paid up and 80 million ordinary shares call-up Baht 25 each.	100.00
True Visions Public Company Limited	118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400 Tel. (662) 764-9000 Fax. (662) 764-9900	Dormant	THB 2,266.72 million divided into 755.57 million ordinary shares with a par value of Baht 3 each and fully paid up.	99.53
True Vistas Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Production and distribution of movies films	THB 46.63 million divided into 4.66 million ordinary shares with a par value of Baht 10 each and fully paid up.	100.00
K.I.N. (Thailand) Co., Ltd.	P.O. Box 957, Offshore Incorporation Centre, Road Town, Tortola, British Virgin Islands	Holding Company	USD 1 divided into 1 ordinary share with a par value of USD 1 each and fully paid up.	100.00
Gold Palace Investments Limited	P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands	Holding Company	USD 15.22 million divided into 15.22 million ordinary shares with a par value of USD 1 each and fully paid up.	100.00
Golden Light Co., Ltd.	Suite 308, St. James Court, St. Denis Street, Port Louis, Republic of Mauritius	Holding Company	USD 17.72 million divided into 17.72 million ordinary share with a par value of USD 1 each and fully paid up.	100.00
Goldsky Co., Ltd.	Suite 308, St James Court, St Denis Street, Port Louis, Republic of Mauritius	Holding Company	USD 4.97 divided into 4.97 million ordinary shares with a par value of USD 1 each and fully paid up.	100.00
Rosy Legend Limited	P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands	Holding Company	USD 1 divided into 1 ordinary share with a par value of USD 1 each and fully paid up.	99.74
Prospect Gain Limited	P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands	Holding Company	USD 1 divided into 1 ordinary share with a par value of USD 1 each and fully paid up.	100.00
True Internet Technology (Shanghai) Company Limited	Room 2202-05, Johnson Building, No. 145 Pujian Road, Shanghai 200127, P.R.China Tel. (86)21 5889 0800-8049 Fax.(86)21 5889 0800-8033	Developing, designing, producing and sale of software products	USD 16 million divided into 16 million ordinary shares with a par value of USD 1 each and fully paid up.	100.00
True Trademark Holdings Company Limited	P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands	Holding Company	USD 4.97 divided into 4.97 million ordinary shares with a par value of USD 1 each and fully paid up.	100.00
Asia Infonet Co., Ltd.	1 Fortune Town, 14th, 17th Floors, Ratchadapisek Road, Din Dang, Bangkok 10400 Tel. (662) 641-1800	Dormant	THB 15 million divided into 1.5 million ordinary shares with a par value of Baht 10 each and fully paid up.	65.00
Transformation Films Co., Ltd.	6, Soi Nak Niwat 12 , Nak Niwat Road, Lat Phrao, Lat Phrao, Bangkok 10230 Tel. (662) 932-5600 Fax. (662) 932-5600	Manufacturing and filmmaker	THB 245 million divided into 2.45 million ordinary shares with a par value of Baht 100 each And fully paid up.	34.69
True CJ Creation Co., Ltd.	118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400 Tel. (662) 764-9000 Fax. (662) 764-9900	Production House	THB 115.50 million divided into 1,108,800 ordinary shares and 46,200 preference shares with a par value of Baht 100 each and fully paid up.	51.00
True Voice Company Limited	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Voice recognised service and related software and hardware	THB 24 million divided into 240,000 ordinary shares with a par value of Baht 100 each and fully paid up.	55.00
True GS Co., Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Home shopping	THB 340 million divided into 3.4 million ordinary shares with a par value of Baht 100 each and fully paid up.	46.80
True Axion Interactive Ltd.	18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Tel. (662) 859-1111 Fax. (662) 859-9134	Games and application development	THB 177 million divided into 177,000 ordinary shares with a par value of Baht 1,000 each and fully paid up.	40.00
NEC Corporation (Thailand) Co., Ltd.	159 Sermmit Tower, 2nd and 24th Floor, Sukumvit 21, Klongtoey Nua, Wattana, Bangkok 10110	Telecommunication equipment manufacturer	THB 350.30 million divided into 350,300 ordinary shares with a par value of Baht 1,000 each and fully paid up.	9.42
Thai Smart Card Co., Ltd.	191 Silom Complex Building, 27th Floor, Room No. 2, Silom Road, Bangrak, Bangkok 10500	Central Service Bureau for clearing electronic payment transactions	THB 1,600 million divided into 160 million ordinary shares with a par value of Baht 10 each and fully paid up.	15.76
Supernap (Thailand) Co., Ltd.	390/2 Hemaraj Industrial Estate Chonburi 2, Moo 2, Kao Khan song, Sriracha, Chonburi 20230	Data centers	THB 1,410.01 million divided into 200 million ordinary shares with a par value of Baht 10 each, 141 million ordinary shares call-up Bath 8.954 each and 59 million ordinary shares call-up Baht 2.50 each.	15.00
Clearing House for Number Portability Co., Ltd.	98, Sathorn Square Office Tower, Room No. 403, 4th Floor, North Sathorn Road, Silom, Bangrak, Bangkok 10500	provide mobile number portability service	THB 2 million divided into 20,000 ordinary shares with a par value of Baht 100 each and fully paid up.	19.97
PUUN Intelligent Co., Ltd.	145/161 Soi Khubon 27 Yaek 7, Tharaeng, BangKhen, Bangkok 10220	Provide computer program service	THB 256,015 divided into 37,327 ordinary shares and 13,876 preference shares with a par value of Baht 5 each fully paid up.	11.95

Company Name

Address

Type of Business

Paid-up Capital

% of investment

AP&J Production Co., Ltd.

105/1,Thetsaban Songkhro Road, Ladyao, Jatujak, Bangkok 10900
Tel. (662) 954-3512
Fax. (662) 954-3513

Entertainment

THB 16.67 million divided into 166,667 ordinary shares with a par value of Baht 100 each and fully paid up.

70.00

Asia Wireless Communication Co., Ltd.

18 True Tower, Ratchadapisek Road,
Huai Khwang,
Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Mobile equipment Lessor

THB 5,720.92 million divided into 1,144.18 million ordinary shares with a par value of Baht 5 each and fully paid up.

100.00

Bangkok Inter Teletech Public Company Limited

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Holding Company

THB 16,229 million divided into 6,491.74 million ordinary shares with a par value of Baht 2.50 each and fully paid up.

99.74

BFKT (Thailand) Limited

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Mobile equipment Lesso

THB 23,358.32 million divided into 233.58 million ordinary shares with a par value of
Baht 100 each and fully paid up.

100.00

Cineplex Co., Ltd.

118/1 Tipco Tower,
Rama VI Road ,Phayathai,
Phayathai, Bangkok 10400
Tel. (662) 764-9000
Fax. (662) 764-9900

Program production

THB 1,283.43 million divided into 128.34 million ordinary shares with a par value of Baht 10 each and fully paid up.

100.00

Hutchison CAT Wireless MultiMedia Limited

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Dormant

THB 950 million divided into 95 million ordinary shares with a par value
of Baht 10 each and fully paid up.

68.20

Hutchison MultiMedia Services (Thailand) Limited

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Dormant

THB 230 million divided into 23 million ordinary shares with a par value of Baht 10 each and fully paid up

100.00

Hutchison Telecommunications (Thailand) Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Dormant

THB 54 million divided into 3.6 million ordinary shares with a par value of Baht 15 each and fully paid up

100.00

Hutchison WirelessMultiMedia Holdings Limited

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Holding company

THB 10 million divided into 590,000 ordinary shares and 410,000 preference shares with a par value of Baht 10 each and fully paid up.

92.26

Internet Knowledge Service Center Co., Ltd.

2/4 Chubb Tower, 10th Floor, Vibhavadee-Rangsit Road, Thungsonghong, Laksi, Bangkok 10210
Tel. (662) 779-7777
Fax. (662) 779-7111

Non-government telecommunication

THB 50 million divided into 12 million ordinary shares with a par value of Baht 10 each, 2.67 million ordinary shares fully paid up and 9.33 million ordinary shares call-up Baht 2.50 each

56.93

KSC Commercial Internet Co., Ltd.

2/4 Chubb Tower, 10th Floor, Vibhavadee-Rangsit Road, Thungsonghong, Laksi, Bangkok 10210
Tel. (662) 779-7777
Fax. (662) 779-7111

Internet services provider

THB 153.04 million divided into 15.3 million ordinary shares with a par value of Baht 10 each and fully paid up.

56.84

MKSC World Dot Com Co., Ltd.

2/4 Chubb Tower, 10th Floor, Vibhavadee-Rangsit Road, Thungsonghong, Laksi, Bangkok 10210
Tel. (662) 779-7777
Fax. (662) 779-7111

Internet services and distributor

THB 139.64 million divided into 13.95 million ordinary shares and 0.01 million preference shares with a par value of Baht 10 each fully paid up.

91.08

Panther Entertainment Co., Ltd.

118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400
Tel. (662) 764-9000
Fax. (662) 764-9900

Artist management and related business

THB 555 million divided into 105.5 million ordinary shares with a par value of Baht 10 each 15.50 million ordinary shares fully paid up and 90 million ordinary shares call-up Baht 4.44 each.

99.99

Real Move Company Limited

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Reseller of mobile phone services

THB 7,000 million divided into 70 million ordinary shares with a par value of Baht 100 each and fully paid up.

99.74

Samut Pakan Media Corporation Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Dormant

THB 1 million divided into 10,000 ordinary shares with a par value of Baht 100 each and fully paid up.

99.69

Sattellite Service Co., Ltd.

118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400
Tel. (662) 764-9000
Fax. (662) 764-9900

Sales and rental of equipment related to Pay Television

THB 1,338 million divided into 223 million ordinary shares with a par value of Baht 6 each and fully paid up.

99.53

SM True Co., Ltd.

118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400
Tel. (662) 764-9000
Fax. (662) 764-9900

Artist management and related business

THB 20 million divided into 0.2 million ordinary shares with a par value of Baht 100 each and fully paid up.

51.00

Song Dao Company Limited

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Dormant

THB 1 million divided into 10,000 ordinary shares with a par value of Baht 100 each and fully paid up.

99.71

Tele Engineering & Services Co., Ltd..

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Dormant

THB 25 million divided into 2.5 million ordinary shares with a par value of Baht 10 each and fully paid up.

100.00

Telecom Asset Management Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Marketing Management

THB 2.5 million divided into 1 million ordinary shares with a par value of Baht 10 each and call-up Baht 2.50 each.

100.00

Telecom Holding Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Holding Company

THB 39,160.99 million divided into 5,082.62 million ordinary shares with a par value of Baht 8 each, 4,332.62 million ordinary shares is fully paid up and 750 million ordinary shares is called-up for Baht 6 each.

100.00

Telecom KSC Co., Ltd.

2/4 Chubb Tower, 10th Floor, Vibhavadee-Rangsit Road, Thungsonghong, Laksi, Bangkok 10210
Tel. (662) 779-7777
Fax. (662) 779-7111

Dormant

THB 250,000 divided into 100,000 ordinary shares with a par value of Baht 10 each and call-up Baht 2.50 each

34.39

Thai News Network (TNN) Co., Ltd.

118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400
Tel. (662) 764-9000
Fax. (662) 764-9900

News Channel

THB 1,600 million divided into 20 million ordinary shares with a par value of Baht 100 each, 10 million ordinary shares fully paid up and 10 million ordinary shares call-up Baht 60 each.

100.00

True Digital & Media Platform Co., Ltd

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Trading and internet provider including online digital media services on website and telecommunication devices

THB 500 million divided into 5 million ordinary shares with a par value of Baht 100 each and fully paid up.

100.00

True Digital Park Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Business solution provider

THB 100.75 million divided into 40 million ordinary shares with a par value of Baht 10 each, 100,000 ordinary shares fully paid up and 39.90 million ordinary shares call-up Baht 2.50 each.

100.00

True Distribution & Sales Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Distribution Center Services

THB 16,301 million divided into 163.01 million ordinary shares with a par value of Baht 100 each and fully paid up.

99.70

True4U Station Co., Ltd.

118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400
Tel. (662) 764-9000
Fax. (662) 764-9900

Television and related business

THB 3,260 million divided into 70 million ordinary shares with a par value of Baht 100 each, 10 million ordinary shares fully paid up and 60 million ordinary shares call-up Baht 37.67 each.

100.00

True Icontent Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Contents provider

THB 201 million divided into 20.1 million ordinary shares with a par value of Baht 10 eachsand fully paid up.

100.00

True Incube Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Holding Company

THB 40 million divided into 16 million ordinary shares with a par value of Baht 10 each and call-up Baht 2.50 each.

100.00

True E-Logistics Co., Ltd (formerly “True Information Technology Co., Ltd.”)

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Consultancy and management services related to logistics

THB 1,347 million divided into 134.7 million ordinary shares with a par value of Baht 10 each and fully paid up.

100.00

True International Communication Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Dormant

THB 22 million divided into 850,000 ordinary shares with a par value of Baht 100 each, 10,000 ordinary shares fully paid up and 840,000 ordinary shares call-up Baht 25 each.

100.00

True International Gateway Co., Ltd.

1 Fortune Town Building, 15th Floor, Ratchadapisek Road, Din Dang, Bangkok 10400
Tel. (662) 641-1800

Telecommunication and internet service

THB 436 million divided into 4.36 million ordinary shares with a par value of Baht 100 each and fully paid up.

100.00

True Internet Corporation Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Telecommunication services and internet solution provider

THB 10,000 million divided into 100 million ordinary shares with a par value of Baht 100 each and fully paid up.

100.00

True Life Plus Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 643-1111
Fax. (662) 643-1651

Telecommunication services reseller

THB 2,195 million divided into 257.5 million ordinary shares with a par value of Baht 10 each, 97.5 million ordinary shares fully paid up and 160 million ordinary shares call-up Baht 7.625 each

100.00

True Media Solutions Co., Ltd.

118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400
Tel. (662) 764-9000
Fax. (662) 764-9900

Advertising sale and agency

THB 25 million divided into 2.5 million ordinary shares with a par value of Baht 10 each and fully paid up.

100.00

True Move Company Limited

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Telecommunication management services

THB 3,387.07 million divided into 677.41 million ordinary shares with a par value of Baht 5 each and fully paid up.

99.70

True Move H Universal Communication Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Wireless Telecommunication services

THB 141,959.30 million divided into 14,195.93 million ordinary shares with a par value of Baht 10 each and fully paid up.

100.00

True Multimedia Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Mobile equipment lessor

THB 6,562 million divided into 656.2 million ordinary shares with a par value of Baht 10 each and fully paid up.

91.08

True Music Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Content provider

THB 200,000 divided into 20,000 ordinary shares with a par value of Baht 10 each and fully paid up.

99.67

True Public Communication Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Dormant

THB 97 million divided into 970,000 ordinary shares with a par value of Baht 100 each and fully paid up.

100.00

True Touch Company Limited

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Call centre services

THB 173.70 million divided into 1.93 million ordinary shares with a par value of Baht 90 each and fully paid up.

100.00

True United Football Club Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Football Club and related activities management

THB 320 million divided into 32 million ordinary shares with a par value of Baht 10 each and fully paid up.

70.00

True Visions Cable Public Company Limited

118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400
Tel. (662) 764-9000
Fax. (662) 764-9900

Pay Television via cable system

THB 7,608.65 million divided into 760.86 million ordinary shares with a par value of Baht 10 each and fully paid up.

99.10

True Visions Group Co., Ltd.

118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400
Tel. (662) 764-9000
Fax. (662) 764-9900

Pay Television

THB 24,516.70 million divided into 305.17 million ordinary shares with a par value of Baht 100 each, 225.17 million ordinary shares fully paid up and 80 million ordinary shares call-up Baht 25 each.

100.00

True Visions Public Company Limited

118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400
Tel. (662) 764-9000
Fax. (662) 764-9900

Dormant

THB 2,266.72 million divided into 755.57 million ordinary shares with a par value of Baht 3 each and fully paid up.

99.53

True Vistas Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Production and distribution of movies films

THB 46.63 million divided into 4.66 million ordinary shares with a par value of Baht 10 each and fully paid up.

100.00

K.I.N. (Thailand) Co., Ltd.

P.O. Box 957, Offshore Incorporation Centre, Road Town, Tortola, British Virgin Islands

Holding Company

USD 1 divided into 1 ordinary share with a par value of USD 1 each and fully paid up.

100.00

Gold Palace Investments Limited

P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands

Holding Company

USD 15.22 million divided into 15.22 million ordinary shares with a par value of USD 1 each and fully paid up.

100.00

Golden Light Co., Ltd.

Suite 308, St. James Court, St. Denis Street, Port Louis, Republic of Mauritius

Holding Company

USD 17.72 million divided into 17.72 million ordinary share with a par value of USD 1 each and fully paid up.

100.00

Goldsky Co., Ltd.

Suite 308, St James Court, St Denis Street, Port Louis, Republic of Mauritius

Holding Company

USD 4.97 divided into 4.97 million ordinary shares with a par value of USD 1 each and fully paid up.

100.00

Rosy Legend Limited

P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands

Holding Company

USD 1 divided into 1 ordinary share with a par value of USD 1 each and fully paid up.

99.74

Prospect Gain Limited

P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands

Holding Company

USD 1 divided into 1 ordinary share with a par value of USD 1 each and fully paid up.

100.00

True Internet Technology (Shanghai) Company Limited

Room 2202-05, Johnson Building, No. 145 Pujian Road, Shanghai 200127, P.R.China
Tel. (86)21 5889 0800-8049
Fax.(86)21 5889 0800-8033

Developing, designing, producing and sale of software products

USD 16 million divided into 16 million ordinary shares with a par value of USD 1 each and fully paid up.

100.00

True Trademark Holdings Company Limited

P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands

Holding Company

USD 4.97 divided into 4.97 million ordinary shares with a par value of USD 1 each and fully paid up.

100.00

Asia Infonet Co., Ltd.

1 Fortune Town, 14th, 17th Floors, Ratchadapisek Road, Din Dang, Bangkok 10400
Tel. (662) 641-1800

Dormant

THB 15 million divided into 1.5 million ordinary shares with a par value of Baht 10 each and fully paid up.

65.00

Transformation Films Co., Ltd.

6, Soi Nak Niwat 12 , Nak Niwat Road, Lat Phrao, Lat Phrao, Bangkok 10230
Tel. (662) 932-5600
Fax. (662) 932-5600

Manufacturing and filmmaker

THB 245 million divided into 2.45 million ordinary shares with a par value of Baht 100 each And fully paid up.

34.69

True CJ Creation Co., Ltd.

118/1 Tipco Tower, Rama VI Road, Samsen Nai, Phayathai, Bangkok 10400
Tel. (662) 764-9000
Fax. (662) 764-9900

Production House

THB 115.50 million divided into 1,108,800 ordinary shares and 46,200 preference shares with a par value of Baht 100 each and fully paid up.

51.00

True Voice Company Limited

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Voice recognised service and related software and hardware

THB 24 million divided into 240,000 ordinary shares with a par value of Baht 100 each and fully paid up.

55.00

True GS Co., Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Home shopping

THB 340 million divided into 3.4 million ordinary shares with a par value of Baht 100 each and fully paid up.

46.80

True Axion Interactive Ltd.

18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310
Tel. (662) 859-1111
Fax. (662) 859-9134

Games and application development

THB 177 million divided into 177,000 ordinary shares with a par value of Baht 1,000 each and fully paid up.

40.00

NEC Corporation (Thailand) Co., Ltd.

159 Sermmit Tower, 2nd and 24th Floor, Sukumvit 21, Klongtoey Nua, Wattana, Bangkok 10110

Telecommunication equipment manufacturer

THB 350.30 million divided into 350,300 ordinary shares with a par value of Baht 1,000 each and fully paid up.

9.42

Thai Smart Card Co., Ltd.

191 Silom Complex Building, 27th Floor, Room No. 2, Silom Road, Bangrak, Bangkok 10500

Central Service Bureau for clearing electronic payment transactions

THB 1,600 million divided into 160 million ordinary shares with a par value of Baht 10 each and fully paid up.

15.76

Supernap (Thailand) Co., Ltd.

390/2 Hemaraj Industrial Estate Chonburi 2, Moo 2, Kao Khan song, Sriracha, Chonburi 20230

Data centers

THB 1,410.01 million divided into 200 million ordinary shares with a par value of Baht 10 each, 141 million ordinary shares call-up Bath 8.954 each and 59 million ordinary shares call-up Baht 2.50 each.

15.00

Clearing House for Number Portability Co., Ltd.

98, Sathorn Square Office Tower, Room No. 403, 4th Floor, North Sathorn Road, Silom, Bangrak, Bangkok 10500

provide mobile number portability service

THB 2 million divided into 20,000 ordinary shares with a par value of Baht 100 each and fully paid up.

19.97

PUUN Intelligent Co., Ltd.

145/161 Soi Khubon 27 Yaek 7, Tharaeng, BangKhen, Bangkok 10220

Provide computer program service

THB 256,015 divided into 37,327 ordinary shares and 13,876 preference shares with a par value of Baht 5 each fully paid up.

11.95

Key highlights

Continued improvement of core earnings and profit
Industry’s highest mobile net adds and revenue growth YoY
Broadband internet leader adding value through 1 Gbps speed
Quality and exclusive international and local content
Strong growth potential through comprehensive ecosystem utilizing digital platform and offerings, privileges and Analytics

TRUE AT A GLANCE

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Consolidated Financial Results

Consolidated Balance Sheets

Liquidity Ratios

Activity Ratios

Leverage Ratios

Profitability Ratios

Per Share Data and Others

FINANCIAL HIGHLIGHTS

BUSINESS PERFORMANCE

ANNUAL REPORT

QUARTERLY RESULTS

DEBENTURES

INVESTMENT
STRUCTURE

INVESTOR RELATIONS CONTACT

Investor Kit

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Financial Highlights

Consolidated Financial Results

Consolidated Balance Sheets

Liquidity Ratios

Activity Ratios

Leverage Ratios

Profitability Ratios

Per Share Data and Others

Analyst Coverage

Repayment/Interest Payment Schedule

Repayment/Interest Payment Schedule

Repayment/Interest Payment Schedule

Repayment/Interest Payment Schedule

True Move H Universal Communication Co., Ltd. Bill of Exchange’s Agent

Subsidiary Companies and Others

FINANCIAL HIGHLIGHTS

BUSINESS PERFORMANCE

ANNUAL REPORT

QUARTERLY RESULTS

DEBENTURES

INVESTMENTSTRUCTURE

INVESTOR RELATIONS CONTACT

INVESTMENT
STRUCTURE