127.23 233.94 (106.71) -45.61% Other revenues 1.17 0.4 0.77 192.50% Total revenues 128.40 234.34 (105.94) -45.21% Cost of sales 56.70 88.41 (31.71) -35.87% Selling expenses 8.51 12.23 (3.72) -30.42

Cambodia 4,174,257.02 AMF Myanmar 3,041,487.55 Total 95,682,700.03 This amount was calculated based on the cost (labor cost, administration cost, equipment cost etc.) of AFS who works for subsidiaries

9,867,983 ASB Cambodia 31,113,367 ALS Lao 9,373,884 AMF Myanmar 10,205,702 Total 60,560,936 Value of consideration: Unit: Baht *Exchange rate as of 28 December 2018: 1 PHP / 0.6303 THB Name, position and

FASSC service fees will be calculated based on the concept of total cost plus markup and charged to each subsidiary as a fixed fee for 6 months as follows; Monthly service fees charged to ACS Capital

: Management Discussion and Analysis For the years ended 31 December 2019 Summary of Performance Sales Revenue For the years ended 31 December 2018 and 2019, the Company recorded total sales revenue of THB

19.59 9.72 9.87 101.53 Other current assets 15.63 13.16 2.47 18.87 Total current assets 786.51 805.17 (18.66) (2.32) Non-current assets Restricted deposit at financial institution 18.00 32.95 (14.95

- - 0.84 Total shareholders’ equity 188.60 226.82 239.18 (Unit: Baht million) 2011 2012 2013 Total liabilities and shareholders’ equity 688.47 668.56 852.05 Note: The financial statements for 2015-2017 were

2018 Q3 2019 Increase/ (Decrease) 9M 2018 9M 2019 Increase/ (Decrease) THB mm THB mm % THB mm THB mm % Total Revenue/1 1,756.9 2,244.3 27.7% 7,227.4 9,121.4 26.2% Total Cost 492.6 916.3 86.0% 2,880.8

31 Dec 15 Total assets 82 77 3,108 3,027 Total liabilities 52 50 1,948 1,952 Total shareholders’ equities 31 27 1,160 1,075 Total revenues 96 94 3,760 3,556 Net Profit (Loss) 3 3 133 123 Note: The

Analysis Quarter 1 Ending 31 March 2019 Highlights Q1/2019, the Company and subsidiary’s total net loss equals Baht 803 million, decreased by Baht 1,298 million or 262% comparing with same period of last