February 26, 2020 Subject : Management Discussion and Analysis for year and 4th quarter ended December 31, 2019 Attention : President The Stock Exchange of Thailand 1. Operating Performance 1.1

15, 2019 Subject: MD&A for the financial statements of the 1st quarter of fiscal year 2019 ended as of March 31, 2019 To: The President The Stock Exchange of Thailand Aapico Hitech Public Company

June 30, 2018 Attention : The Director and Manager of the Stock Exchange of Thailand The Consolidated net profit of Eastern Printing Public Co., Ltd. (“EPCO”) for the six-month period ended June 30, 2018

Stock Exchange of Thailand Aapico Hitech Public Company Limited (“the Company”) would like to explain the consolidated financial statements of the Company for the 1st quarter of fiscal year 2023 ended as

Attention: Directors and Manager, The Stock Exchange of Thailand N.D. Rubber Public Company Limited (“the Company”) would like to present the MD&A for the Three Month period ended 31 December 2018 (4th

material. 2017 2018 Change +/(-) YoY % Net Revenue 820.92 973.29 152.38 18.56 Cost of Good Sold 745.72 802.29 56.57 7.59 Gross Profit 75.20 171.01 95.81 127.40 Profit (Loss) from exchange rate 4.80 4.09

sales declined by 9.7% due to intense marketing competition led by strong Thai Baht. Domestic sales portion ended up at 24.9% and export sales at 75.1%. The Company reported gain from foreign exchange

ended up 21.5% and export sales 78.5%. The Company reported gain from foreign exchange hedging at Baht 8.3 million. Other income from sales of scraps, obsolete equipment reported at Baht 2.5 million

(Million Baht) Quarterly Change Six-month End June 30, Change 2/2018 2/2017 % 2018 2017 % Revenue from sales Domestic sales 119.8 104.6 14.6 226.4 241.4 (6.2) Export sales 375.4 391.0 (4.0) 670.6 767.1 (12.6

to be recognized in 2018. (Unit : Million Baht) 2018 2017 Change % Change Operating revenue 406.54 351.36 55.18 15.70% Operating cost 337.23 293.88 Gross profit 69.31 57.49 11.83 20.58% Gross profit