current liabilities decreased by 13.8 MB, representing a decrease of 14.5%, mainly due to the decrease of sale tax and withholding taxes in December 2019 and it has already delivered in January 2020

withholding taxes in December 2020 and it has already delivered in January 2021. Shareholders' Equity As of June 30, 2021, the Company had total equity equals to 2,925.6 MB slightly increase by 0.4 MB from as

Management Discussion and Analysis for the year 2021 4 Core Operating Profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange rate and other irregular items) for

) (4.06) 33.88 18.94 Share of Profit from Associates 64.92 1.48 80.97 1.84 (16.05) (19.82) Financial Costs (17.11) (0.39) (24.90) (0.56) (7.79) (31.28) Profit before Income Taxes 576.30 13.10 580.71 13.18

(25.51) (37.31) (27.64) Profit before finance cost and income tax expenses 24.53 35.06 46.87 Finance cost (13.23) (13.02) (12.32) Profit before tax expenses 11.30 22.04 34.55 Income taxes (3.24) (6.48

2017 Income taxes (3.24) (6.48) (8.80) Profit for the year 8.05 15.56 25.76 Remark: The auditor of ART is not in the list of auditors approved by the SEC. 4.1.3 General Information of AWM Company’s Name

2015 2016 2017 Income taxes (3.24) (6.48) (8.80) Profit for the year 8.05 15.56 25.76 Remark: The auditor of ART is not in the list of auditors approved by the SEC. 4.1.3 General Information of AWM

% 51.4% 58.9% Remark: * EBITDA = Earnings before Interest, Taxes, Depreciation and Amortization - Non-operating income / (expense) ** Normalized net profit = Net profit – Unrealized gain / (loss) from FX

1.69 11.44 15.57 Financial Costs (23.59) (0.71) (19.41) (0.45) 4.18 21.56 Profit before Income Taxes 265.58 8.00 416.95 9.59 (151.37) (36.30) Income Tax Expenses (41.91) (1.26) (73.20) (1.68) (31.29

parent 63.6% 60.0% 63.0% 58.9% 61.2% Remark: * EBITDA = Earnings before interest, taxes, depreciation and amortization - non-operating income / (expense) ** Normalized net profit = Net profit – unrealized