-1- AIT (VP-SEC) 003E/2023 16 February 2023 Subject: Management's Discussion and Analysis of Operating Results for the year 2022 and Q4-2022 To: The President of the Stock Exchange of Thailand

President The Stock Exchange of Thailand AAPICO Hitech Public Company Limited (“the Company”) would like to explain the consolidated financial statements of the Company for the 3rd quarter of fiscal year 2024

Loss (ECL) The ECL expense totaled 1,802 million baht, continuously reduced 9.3% from last quarter and reduced 5.1% from last year due to better GDP since the first quarter 2024 onwards, which resulting

inflation in line with the world oil price (Source: The Bank of Thailand). The overall global aviation industry in the first 9 months of 2019, a growth in passenger traffic globally was supported by 4.5

Bangkok Commercial Asset Management Public Company Limited Page 1 13 December 2019 Subject Management Discussion and Analysis for nine-month period ended 30 September 2019 To The President The Stock

the first and the second quarter; in the first quarter of 2017, the number of Chinese tourists dropped by 7.2 percent while it slighted increased by 0.1 percent in the second quarter. However, the

starting from first quarter of year 2017. Additionally, new flights service have been started from Samui to Chongqing 3 ASIA’S BOUTIQUE AIRLINE and Samui to Guangzhou with three flights and seven flights per

Ref. No. IVL [002/08/2019] 8 August 2019 The President The Stock Exchange of Thailand Subject: Submission of Quartely Review of Financial Statements and the Management Discussion and Analysis of

first 9 months 2018, the overall global aviation industry continued to grow in terms of passenger traffic and travel demand. However, the growth had declined from the same period last year. The main

Experience (CDC). Overseas store expansion After receiving impressive feedback from the first 2 Index Living Mall franchise stores in Ho Chi Minh City, Vietnam at the end of 2019, the Company plans to open