-1- AIT (VP-SEC) 018E/2018 August 9, 2018 Subject: Management's Discussion and Analysis of Operating Results for Q2-2018 To: The President of The Stock Exchange of Thailand Summary of Operations Q2

business and operating results of the Company and the repayment of short-term borrowings from financial institutions in order to reduce the financial cost of the Company. Trade and other accounts receivable

last year, total expense to total revenue ratio for the first six months of 2017 and 2018 was 15.25% and 12.46%, respectively. 1. Overview of operating results of the Company and subsidiaries

18.81 million bath due to the loss of company operating results and the company use cash to invested in buying shares of associated companies. The trade accounts receivable decreased by 0.66 million baht

1 Ref: AC.031/2017 15 August 2017 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

1 Ref: AC.042/2017 14 November 2017 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

1 Ref: AC.004/2018 26 February 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

Operating Results and Financial Position of the Company and its subsidiary 1.1 Analysis of Overall Operating Results for the Company and its subsidiary for the three-month period ended March 31, 2019 Table 1

period of previous year. The total revenue of each operating segments for the three-month period ended 31 March 2019 of the Company and its subsidiaries had changed from the previous period of last year as

of previous year. The total revenue of each operating segments for the six-month period ended 30 June 2019 of the Company and its subsidiaries had changed from the previous period of last year as