the company and shareholders as a whole due to the company’s need of financial support or for the purpose of debt restructuring or any other cases; (c) being issued under terms and conditions prescribed

distributor in Malaysia. Therefore, both company have similar business and directly support each other. i) Customer and Distribution Channel – NDR and FKRMM’s major customers are called as replacement market

GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2018 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2018 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

capital of THB 1,700 million to operate biofuel businesses and to support structural changes to the business group, and the company sold its investment in ordinary shares in the amount of 70% of Bangchak

, Tambol Ban Lane, Amphur Bangpa-in, Ayuthaya Province 13160, Thailand Tel (035) 350 880 Fax (035) 350 881 Website: www.aapico.com 1 บริษัท อาปิโก ไฮเทค จํากดั (มหาชน) AAPICO HITECH PUBLIC COMPANY LIMITED

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 31 December 2018 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok

GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2017 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

more on A&P to support new product launch and relunches in both beverages and personal care. Lastly, Our R&D spending increase by 44% YoY to THB 54 million in 2018. In 2018, the Company booked THB 158

Malaysia. Therefore, both company have similar business and directly support each other. i) Customer and Distribution Channel – Most of NDR and FKRMM’s customers are in the replace market under NDR and FKR