1 Translation CEN 013-2019 August 14, 2019 Subject Management discussion and analysis for business operation Quarter 2-2019 To The Manager and President The Stock Exchange of Thailand Operating

estate business was THB 633.09 million or increased by THB 55.93 million or 9.69% when comparing to the same period of last year. For this quarter, the Company reported revenue less than its first and

Business 4/ Business CMC operates 3 main businesses as follows.1. Residential property development business includes condominium, townhouse, townhome and single detached house, focused mainly on condominium

impact of additional provision for retirement benefits, the net profit*margin would be 12.5% for Q2’19 and 13.2% for 1H’19. - Overall Q2’19 Net Sales were at THB 6,295 million, +5.7% YoY. Domestic

customer with additional services, resulting in lower gross profit margin for this land transferred. Utilities & Power Business Q1 2018 Q1 2019 Increase/(Decrease) THB mm THB mm THB mm % Revenue 515.0 559.2

, Depreciation and Amortization (EBITDA) was THB 307 million, a decrease of 46.3% from the same period last year due to the aforementioned extraordinary items and additional employee costs from closing Dusit Thani

) AAPICO HITECH PUBLIC COMPANY LIMITED October 9, 2018 Subject: Notification of the additional investment in Sakthi Global Auto Holdings Limited To: The President The Stock Exchange of Thailand AAPICO Hitech

for new and existing investments is 1) Tax benefits for new investments in Thai ESGX, and 2) Tax benefits for LTF transfers to Thai ESGX. These measures will provide investors with additional investment

income from the sale for the 3 months period ended 30 June 2019 for 29.04 million baht. This is because of the income earned by Grace Water Made Co., Ltd. (“GWM”), the Company running the business of

content acquisition to support the growth of the business since 2017 and the fact that the Thai Baht value appreciated against US Dollar, the Company had loss on exchange rate, resulting in a decrease in