15, 2019 Subject: MD&A for the financial statements of the 1st quarter of fiscal year 2019 ended as of March 31, 2019 To: The President The Stock Exchange of Thailand Aapico Hitech Public Company

delay of the Fiscal Expenditure 2020 Budget Act causing by various economic factors. As a result, the Company's sales revenue was Baht 211.37 million. It decreased Baht 70.16 million or equivalent to

Company’s total cards reached 8.92 million cards, increased by 5% from the end of fiscal year 2018 (including 2.82 million credit cards, increased by 8% from the end of last year and 6.1 million member cards

%) (31.79%) Tax income (expense) (2.64 ) 0.00 2.64 N/A (3.91%) 0.00% Profit (loss) for the period (23.21 ) (28.30 ) 5.09 17.99% (34.40%) (50.12%) Basic earnings per share-Owners of the Company (0.03 ) (0.03

%) Tax income (expense) (2.64 ) 0.00 2.64 N/A (3.91%) 0.00% Profit (loss) for the period (23.21 ) (28.30 ) 5.09 17.99% (34.40%) (50.12%) Basic earnings per share-Owners of the Company (0.03 ) (0.03

Co., Ltd and its affiliated companies’ operating income for six-month period which ended on June 30, 2019 was ฿ 395.52 million, has decreased from the same period last year by ฿ 5.85 million or 1.46

Public Co., Ltd and its affiliated companies’ operating income for nine-month period which ended on September 30, 2019 was ฿ 576.58 million, has decreased from the same period last year by ฿ 37.98 million

1.0% 4.5% 27,814 27,229 2.1% Earnings per share (Baht) 4.94 4.90 4.73 1.0% 4.5% 14.57 14.26 2.1% Net interest margin 2.35% 2.36% 2.42% (0.01)% (0.07)% 2.39% 2.38% 0.01% Net fees and service income to

% year-on-year. Sales and service income of the Company increased by 17.30%, automotive parts businesses increased by 23.80% and dealership businesses increased by 1.71%. Increase in total revenue was

-138% (0) (22) 22 -98% Non controlling interest 1 1 (0) -17% - - - 0% Net Earnings (Loss) 14 (39) 53 -134% (0) (22) 22 -98% Sales and service income Revenue from sales and services of the company in the