No. CAZ 1/2019 21st January 2019 Subject: Management Discussion and Analysis Quarter 3rd ending 30 September 2018 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public Company

No. CAZ 1/2019 21st January 2019 Subject: Management Discussion and Analysis year ended 2017 ending 31 December 2017 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public

Q1/2018 due to the raising in raw water sales volume and net profit attributable to equity holders of the parent company of 341.71 million Baht, increased by 39.04 million Baht or 12.90%. Income

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= Translation = Management Discussion and Analysis for Interim Business Operations Financial Performance for the period ended September 30 , 2017 (Unit : Million Baht) 2017 2016 Inc./(Dec

No. CAZ 007/2019 15 May 2019 Subject: Management Discussion and Analysis 1st Quarter ended 31 March 2019 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public Company Limited

* Note Please find further information in the consolidated financial statements. 1 21 February, 2019 Subject: Management Discussion & Analysis (MD&A) for the year 2018 Attention: The President The

* Note Please find further information in the consolidated financial statements. 1 23 February, 2018 Subject: Management Discussion & Analysis (MD&A) for the year 2017 Attention: The President The

) 350 880 Fax (035) 350 881 Website: www.aapico.com Management Discussion and Analysis for the 2nd quarter of year 2017 3 Net profit attributable to equity holders increased significantly, from Baht 269

share of net profit from investment by equity method and gain from currency exchange. The hotel business accounted for 86.5% of total revenue. Hotel management business accounted for 2.6%. Educational