as it was necessary for customer-base expansion in dialysis solution segment to adjust selling price in order to be competitive with competitors in the same market. As a result, 2017 has gross margin

881 www.aapico.com Management Discussion and Analysis for the 2nd quarter of year 2019 2 Total revenue grew by 11.1% year-on-year, driven by higher sales from the automotive parts segment. Interest

had to be closed according to government policy. But the company was able to adjust to its profitable operating results this quarter details as follows: Management Discussion and Analysis Q2/2020 Page 3

three years or upon occurrence of a widespread adverse incident;   (2) To adjust the submission schedule for the Risk Level Assessment (RLA) report and IT audit report to be within the same period (during

801.9 million or 96.3% due following to: Description 1Q/20 Million Baht 1Q/19 Million Baht Change Million Baht Change (%) Revenue from E-Commerce segment 0.2 1.2 (1.0) (83.3%) Revenue from real estate

million or 52.1% due following to: Description 1Q2019 Million Baht 1Q2018 Million Baht Change Million Baht Change (%) Revenue from real estate segment - - - - Revenue from E-Commerce segment 1.26 2.19 (0.93

Baht 1.9 million or 71% due following to: Description 2Q/20 Million Baht 2Q/19 Million Baht Change Million Baht Change (%) Revenue from E-Commerce segment 0.01 1.7 (1.69) (99%) Revenue from trading of

adjust the assumptions for cash flows projections of those subsidiaries to calculate the recoverable amount appropriately, and to consider the adequacy and appropriateness of the impairment loss for

from prior year by Baht 801.9 million or 96.3% due following to: Description 2019 Million Baht 2018 Million Baht Change Million Baht Change (%) Revenue from real estate segment - 800.0 (800.0) (100.0

baht or increased 67.2% as a result of the company being able to expand its business in the insurance segment. Six months of total revenue growth of 2020 is consistent with the revenue growth goals it