Central Retail Corporation Public Company Limited Page 1 20 February 2020 Re: Management Discussion and Analysis Operating results for the year ended December 31, 2018 To: President The Stock

(035) 350 880 Fax (035) 350 881 Website: www.aapico.com Management Discussion and Analysis for the 1st quarter of year 2021 3 For the first quarter of 2021, the Company’s total assets increased by Baht

ที่ FPI Ref. FPI.024/2018 12 November 2018 Subject : Management Discussion & Analysis of Performance Results of Quarter 3/2018 To : Board of Directors and President of The Stock Exchange of Thailand

881 Website: www.aapico.com Management Discussion and Analysis for the 3rd quarter of year 2018 2 Total revenue grew by 3.1% compared to last year, driven by higher sales from both automotive parts and

77/1 SOI RUAM SIRI MIT,CHOM PHON, CHATUCHAK, BANGKOK 10900 Tel. 02 093 1681- 3 Fax. 02 093 1684 Website: www.eicasia.net Page 1 of 4 (Translation) Ref: EIC-AD003/2020 2 March 2020 Subject: Management

submit the report of Management Discussion and Analysis for the year ended 31 December 2017 which has been audited by the auditor this is caused by followings: The Operating results of the company and its

Page 1 of 4 GEL.CS.006/2562 14 November 2019 Subject: Management Discussion and Financial Analysis for the operating results of the third quarter of 2019, ended September 30, 2019 To: Director and

decreased compared to the 6 months period of prior year from 107.56% to 103.79% in the 6 months period of 2017, presenting the improvement on cost of service management. Selling expenses For the 3 months

-month period year 2018-2019 was Baht 1,520 million, maintained from the same period of last year due to spending management. Non-recurring Item As aforementioned in Q3’2018-2019, the company booked

.) Managing Director Ratio Analysis : Consolidated Financial Statements 2Q 2Q Unit : THB million 2019 2018 Returns (%) Return on Assets * 10.9% 9.5% Return on Equity * 13.7% 14.0% Working Capital Management