AG”) at the ratio of 99 percent The Company has 100 percent indirect shareholding in VHC and VI AG via Lombard Estate Holdings Limited, which is the Company’s subsidiary in which the Company holds 100

”) ในสดัสว่นร้อยละ 99 ทัง้นี ้บริษัทฯ ถือหุ้นทางอ้อมใน VHC และ VI AG ในสดัสว่น ร้อยละ 100 ผ่าน Lombard Estate Holdings Limited ซึง่เป็นบริษัทย่อยท่ีบริษัทฯ ถือหุ้นในสดัสว่นร้อยละ 100 ของ หุ้นท่ีออกและจ า

income in the first quarter of 2018 decreased by 4.13% from last year due to the Company rent hotel from the Real Estate Investment Trust while the same period last year the hotel was the Company’s assets

or 14.80 percent.  Expenses Cost of Sales The Company and its subsidiaries' cost of real estate was in the amount of Baht 261.31 million, decreased by Baht 26.48 million or 11.28 percent, compared to

shares through Lombard Estate Holdings Limited, the Company’s subsidiary in which the Company directly holds 100% of shares) has subscribed newly issued shares of 46,800 shares or equivalent to 30 percent

indirectly holds 100 percent of shares via Lombard Estate Holdings Limited, which is a subsidiary in which the Company holds 100 percent of its total registered capital) has acquired 2,350,000 ordinary shares

ทัง้นี ้ บริษัทฯ ถือหุ้ นทางอ้อมใน VI ในสัดส่วนร้อยละ 100 ผ่าน Lombard Estate Holdings Limited ซึ่งเป็นบริษัทย่อยท่ี บริษัทฯ ถือหุ้ นในสัดส่วนร้อยละ 100 ของหุ้ นท่ีออกและ จ าหน่ายแล้วทัง้หมด โครงสร้าง

) 350 881 www.aapico.com 99 Moo 1, Hitech Industrial Estate, Tambol Ban Lane, Amphur Bangpa-in, Ayuthaya Province 13160, Thailand Tel (035) 350 880 Fax (035) 350 881 Website: www.aapico.com บริษทั อาปิโก

holds 100 percent of shares via Lombard Estate Holdings Limited, which is a subsidiary in which the Company holds 100 percent of its total registered capital) has acquired 100 ordinary shares or

indirectly holds 100 percent of shares via Lombard Estate Holdings Limited, which is a subsidiary in which the Company holds 100 percent of its total registered capital) has acquired 100 ordinary shares or