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

recognized the revenue by completed segment but not yet completed which those reached the invoice. As a consequence, trade receivables decreased, resulting in an increase unbilled receivables. Unbilled

segment on Q3 2018 are following; EPC service 31.96% of total revenue, then SMP & E&I service 28.73%, Civil & Building service 27.74%, and Fabrication and other service 11.57%, respectively. Revenue from

operating revenue breakdown by business segment (Unit: Million Baht) Second quarter 6-month period 2020 2019 Change % 2020 2019 Change % Revenue from sales of real estate 2,233 1,992 241 12 3,859 5,045 (1,186

. As a result, the construction segment services income of the Group are varieties into each service segment. Due to customer’s requirement which are not focusing on any particular service group. 2

devices to deliver bundled solution to clients. Together, Humanica and Tiger will be able to offer a suitable HR technology to every segment of the market from small to large corporations. Leveraging on

line with the fast changing of technology and consumer behavior, the Company has adjusted its vision to "the leader of kiosks network for automatic services and financial solutions with simple

advertising. In addition, the cost of new marketing strategies implemented for the fast growing Chinese market. The company has maintained the cost of sales and marketing costs at the set budget. In the first 6

to deliver which resulting in increasing sale and fast delivery this year. Yours Truly, Mr. Wiboon Sangwithayanon Chief Executive Officer

stakeholders, the society, and the environment. It is also a guideline for the board of directors? adjustment to the fast-changing world.The CG Code lays out the board of directors? general leadership roles