126.13 million due to:-  Fee and service income decreased of Baht 26.44 million from mutual fund and private fund managements fee from Solaris Asset Management Company Limited (Solaris) decreased.  Gain

end of 2017. The Company’s debt to equity ratio was 1.59 times while the interest bearing debt to equity ratio was 1.29 times. Management Discussion and Analysis Q1/2018 Page 4/4 JAS Asset Public

Management Discussion and Analysis Q1/2019 Page 1/4 JAS Asset Public Company Limited - Translation - IR62/006 8 May 2019 Subject: Management Discussion and Analysis, 1st Quarter Ending 31 March 2019

Bearing Debt to Equity Ratio is 1.03 times. Management Discussion and Analysis, Q2/2018 Page4/4 Thus, you have been informed for your acknowledgement Sincerely Yours, - Singed - (Mr.Wongsakorn

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- Equity holders of the Company 149.51 18.7% 145.69 19.1% 126.54 17.4% -13.1% -15.4% %YoYIncome Statement Q1/2019 Q4/2019 Q1/2020 %QoQ 3 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management

: www.aapico.com Management Discussion and Analysis for the year 2022 3 Net profit (loss) attributable to equity holders was Baht 410.7 million, as compared to net profit of Baht 128.5 million in Q4 2021. Net profit

) AAPICO HITECH PUBLIC COMPANY LIMITED Ref No: AH 02082023 August 11th, 2023 Subject: Management Discussion & Analysis (MD&A) for the Financial Statements of the 2nd Quarter of Fiscal Year 2023 Ended as of

15.72 EBITDA 3,097.02 3,276.37 2,658.75 EBITDA Margin (%) 18.55 19.35 15.97 GFPT Public Company Limited Management Discussion and Analysis for the Year 2018 Page 6 of 14 Return on Equity In 2018, return