statements 31 December 2018 31 December 2017 Trade account receivables - unrelated parties 2,452 1,352 Less: Allowance for doubtful accounts (52) (51) Trade account receivables - net 2,400 1,301 5 As at 31

debt is also low level, when comparing to the equity. Return on Equity (ROE) According to the Company’s financial statements, the Company had net income of 18.12 million baht, representing a return on

been audited by the independent auditor as follows: Statements of Comprehensive Income for the 4th Quarter and Year Ended December 31, 2018 Note: During 1Q’17, the subsidiary has recorded income incurred

mainly from trade accounts receivable and unbilled receivables. The quality of assets Trade account receivables Unit: Million Baht Consolidated financial statements 31 December 2019 31 December 2018 Trade

Limited ( “ the Company” ) would like to submit this Management Discussion and Analysis for the year ended 31 December 2019 with details as follows: ( Since the consolidated financial statements included

August 15, 2017 Subject: MD&A for the financial statements of the 2nd quarter of fiscal year 2017 ended as of June 30, 2017 To: The President The Stock Exchange of Thailand Aapico Hitech Public Company

2016 Consolidated Financial Statements The net profit of the Company and subsidiary companies decreased 1,113.91 million THB or 51.19% i.e. from 2,176.23 million THB to 1,062.32 million THB. It was

: Management discussion and analysis for the year ended December 31, 2017 To Director and Manager of the Stock Exchange of Thailand Referring to the submission of the audited financial statements of Wiik

) AAPICO HITECH PUBLIC COMPANY LIMITED Ref No: AH 01032020 March 3, 2020 Subject: Management Discussion & Analysis (MD&A) for the financial statements of fiscal year 2019 ended as of December 31, 2019 To

necessary for investors to make the decision to enter into a contract for derivatives fund management; In case the investor is a mutual fund and the statements relating to investment policy, investment