, Tambol Ban Lane, Amphur Bangpa-in, Ayuthaya Province 13160, Thailand Tel (035) 350 880 Fax (035) 350 881 Website: www.aapico.com 1 บริษัท อาปิโก ไฮเทค จํากดั (มหาชน) AAPICO HITECH PUBLIC COMPANY LIMITED

Mobile Initiative from The Asian Banker journal  Best DCM House in Thailand for the second consecutive year from FinanceAsia magazine  Five awards: Top Sellside firms in research - THB (2nd place), Top

and offering of the newly issued preferred shares of the Company to (1) Unicorn Enterprise Company Limited (“UE”) as consideration for the entire business transfer of UE in the number of 70,064,516,130

by unduly delaying the taking of a credit rating action. In either case, the CRA should disclose the material modification in a non-selective manner. 3.4 A CRA should disclose its policies and

the acquisition of GLOW also contributed to an increase in EBITDA by Baht 751 million. The net profit for the company in Q1/2019 increased by 456 million or 94% from Q4/2018 and by Baht 20 million or 2

operation of solar projects in Vietnam DT1&2 solar projects (Xuan Cau Project) with an installed capacity of 420 MW, the largest solar project in ASEAN, commenced COD on June 3, 2019 and June 13, 2019

1,441 million from the assessment of the fair value of net assets and allocation of business acquisition costs, in which if the amortization expenses was still to be included, amounting Baht 360 million

offering of the newly issued preferred shares to be issued and offered to the existing shareholders in proportion to their shareholdings and to specific investors, disposal of assets, and convening of the

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction

and production processes, modification and mixing of fuel material to improve combustion resulting in better heat rate and lower fuel consumption per 5 unit and also improvement of feedstock procurement