5.0% in Q3 2017 to 6.8% in Q3 2018, driven by improved efficiency and increase volume. Selling and administrative expenses were Baht 36 million lower than last year due to cost control and lower

cost. 3) Selling and Administration Expenses Selling and administration expenses decreased by Baht 11.4 million, or 6.5% from Q2/2016, as a result of improved efficiency in cost and expenses control. 4

slightly decreased from 6.6% in Q2 2016 to 6.3% in Q2 2017, as improved margins in the automotive parts segment, driven by improved efficiency, was impacted by lower margins in the car dealerships. Selling

Act (amount of Baht 36 million). This year-on-year improvement was mainly attributable to higher sale from automotive parts, improved efficiency and increases of gross profit from tooling sales. Selling

decreased year-on-year, attributable to improved efficiency as well as on-going cost reduction and cost control. Hence, gross profit margin improved from 7.0% of sales in Q1 2016 to 7.7% of sales in Q1 2017

percentage of sales, gross profit margin improved from 7.2% in Q1 2018 to 8.9% in Q1 2019, driven by cost reduction measures and improved efficiency and increases of gross profit from tooling sales in Q1 2019

9.16% in 2019. This year-on-year improvement was mainly attributable to higher sales from automotive parts, improved efficiency, increase of gross profit from tooling sales and AAPICO Maia higher gross

accounting for 14.4 percent of total revenue. This was due to the improved efficiency in debt collection and the management of non-performing debt of the Company has been trusted by financial institutions. The

had developed program that improved efficiency in both internal and customer service. Assets Items that has significant changes Assets Balance by Quarter Changes Q3-2017 Q4-2016 Q3-2017 VS Q4-2016 (MB

same period in 2017 due to the improvement in cost management. Besides, the Company has consistently improved expenses’ efficiency. Please be informed accordingly, Yours sincerely, Mr.Opas Cherdphan