plant project with the installed capacity of 220 MW at Minbu District, Myanmar that ECF Power Company Limited (ECF-P) as the Company’s subsidiary holds 20 percent of total shares of GEP. At present, the

margin (%) 65.5% 62.6% (2.9%) EBITDA margin (%) 31.6% 26.4% (5.2%) Net profit margin (%) 20.9% 5.9% (15.0%) Number of branches as at Mar 31 36 39 8% Change +/(-)Q1/19 Q1/20 Operating highlight in Q1/2020

expenditures are at a high level. The government's capital expenditure expanded mainly in line with the disbursement of transport agencies. However, the overall performance of the company in Q2–2021 showed that

Offering of any Type of Debt Securities dated March 13, 2009. 4 1. Provide information of the covenants that are aimed at protecting debt securities holders, under which the issuer is required to take or

) Is the Hong Kong Covered Fund offered to the general public in Hong Kong? Yes No If “Yes”, please provide the following details: a) AUM as at the latest practicable date

following details: a) AUM as at the latest practicable date: ______________________________________ b) The investment objective/policy of the fund

. However, if you look at the details of expenses, it found that the cost of sales and services in Q3-2022 has the rate of increased in those that is lower than the rate of increase in revenue compared to Q2

year and 7% from the previous quarter due to the ending of moratorium program for customers impacted by Covid-19 since December 2021. The default receivables in credit risk (Stage 3) ratio stood at 5.9

% because the overall size of the projects delivered in the Q3-2022 are greater than those in Q3-2023 Total operating expenses in Q3- 2023 have changed in the same direction and at a similar rate with the

, Ayuthaya Province 13160, Thailand Tel (035) 350 880 Fax (035) 350 881 Website: www.aapico.com Management Discussion and Analysis for the year 2023 4 Loss on foreign currency exchange rate was at Baht 8.6