& Analysis Q3/2023 5 I 10 In 9M2023, financial costs amounted to THB 19.80 million, increased by THB 3.99 million YoY (+25.25%) as the Company used more promissory notes to improve its liquidity and ensure

promissory notes to improve its liquidity and ensure sufficiency of working capital. Additionally, interest rates were increased in line with Bank of Thailand announcement. In 2023, the Company’s net profit

by 17.4% in 1H 2024; one of the worst in the last several years excluding an extraordinary event during Covid epidemic. We expect the industry will improve gradually towards the end of the year from

-Equity ratio of 0.4 times. We expect the car industry in Thailand to improve gradually. Yours sincerely, (Mr. Yeap Swee Chuan) Chairman and President http://www.aapico.com/ http://www.aapico.com/

increase in sales revenue, as well as the decrease in cost per unit from the increase in production volumes resulting in economies of scale. In addition, the improve in Net profit Margin also came from the

- Biodiesel and By-product 1.1 The Company has cost of sale – Biodiesel for 1st quarter as of March 31, 2015, and 2014 as follow; - In 1st quarter of 2015, cost of sale was THB 852.26 million, with ratio of

the reasons are summarized as follows. 1. Cost of Sales - Biodiesel and By-product 1.1 The Company has cost of sale – Biodiesel for 1st quarter as of March 31, 2015, and 2014 as follow; - In 1st quarter

The ability to repay debt and to follow the terms of the loan, and fundamentally important for several bindings The Company has been able to repay debts and doing business as per commitment. 5

liabilities to total equity ratio was of 1. 20:1 time and the Interest bearing debts to total equity ratio was of 0. 98:1 time. The liabilities comprised of major items which follow;- 2.2.1 Account payable and

follow; - Sales and installation of tools and machinery, hold 47.50% of paid-up capital with initial investment of 1.42 Million Baht - Repair and maintenance of tools and machinery, hold 47.50% of paid-up