Distribution costs and administrative expenses to total revenue (%) 44.51 39.04 5.46 41.89 2.61 41.46 37.64 3.82 Net profit margin (%) 0.73 6.55 -5.82 1.48 -0.75 2.72 7.67 -4.95 1. Total revenue 3Q18 sales was

those returns. Therefore, the Company included the financial statements of TBSP in preparing the consolidated financial statements since April 4, 2018. Revenue Breakdown Business Overview 2Q18 and 1H18

- Inventory 59.27 59.17 65.75 - Building and equipment maintenance 31.82 41.55 52.70 ▪ Total liabilities 34.40 25.13 23.90 - Trade account payable 19.41 14.82 15.59 - Other payables 13.52 9.01 6.43

881 Website: www.aapico.com Management Discussion and Analysis for the 3rd quarter of year 2018 2 Total revenue grew by 3.1% compared to last year, driven by higher sales from both automotive parts and

: Million Baht) Consolidated financial statements Q1’ 2020 Q1’2019 % Change Sales and Service Income 530 481 10 Other Revenue 6 3 200 Less Cost of Sales and Services 433 388 12 Selling and Administrative

status for the Q2/2020 ended June 30, 2020 of the Company and its subsidiaries, as shown below: (Unit : Thousand Baht) Q2/2020 Q2/2019 Change %Change Revenue 255,560 229,355 26,205 11.43% Gross profit

revenue was Baht 58.63 million, an increase by Baht 41.81 million or 249% mainly from:  Fee and service income of Baht 17.58 million, increasing by Baht 17.26 million mainly from ICO portal service fee of

Q1/2020 ended March 31, 2020 of the Company and its subsidiaries, as shown below: (Unit : Thousand Baht) Q1/2020 Q1/2019 Change %Change Revenue 212,967 236,732 (23,765) (10.04%) Gross profit margin

ANALYSIS (For the Consolidated Financial Statements of the Year Period Ending December 31, 2019) (1) Overall Operating Results For the year 2019, the total revenue from sales and services of the Company and

, EGCO and KEGCO decreased as follows: Paju ES: Unit : Million Baht Quarter 1 Change Increase (Decrease) 2019 2018 Amount % Electricity revenue 4,486 - 4,486 100% Other income 182 - 182 100% Total revenues