is driven by the Digital Infrastructure for Capital Market Steering Committee, which is chaired by the SEC and consists of members from several organizations; for example, the Fiscal Policy Office

issuance and allocation would be more market-driven, and REIT would be allowed to invest in real estate overseas and partially take part in the development of the property as well as apply for more loans

881 www.aapico.com Management Discussion and Analysis for the 2nd quarter of year 2019 2 Total revenue grew by 11.1% year-on-year, driven by higher sales from the automotive parts segment. Interest

from sales was -0.7% driven by 30.4% decline in OEM sales, particularly from OEM bottles as a result of major maintenance of a furnace in Ayutthaya early this year. Domestic Beverage including C-Vitt

loans and other consumer loans is likely to pick up. Meanwhile, auto-leasing loans will be driven by demand for automobiles from groups that have not been badly affected by the Covid-19 situation, and

50% of total subscribers, up from 35% in 1Q17 and driven by quality 4G network and popularity of video streaming. Consequently, data volume of usage (VOU) grew to 7.6GB/data sub/month, up from 4GB in

guidance. Functional drinks showed impressive growth, driven by the success of both C-Vitt and Peptein. In functional drinks market, C-Vitt, now a No.1 brand, strongly drove the market to grow by 19.3%. At

automotive parts in Thailand, in line with the industry trend. Cost of sales and services Driven by higher sales, cost of sales and services increased year-on-year. Gross profit margin as a percentage of sales

driven by lower sales of matured branches in conjunction with the slowdown in the country’s economic conditions and competitive landscape in the industry. However, revenues from branches in the ramp-up

continued to gradually expand in the second quarter, driven primarily by the export and tourism sectors, as well as an increase in the price of rice after a prolonged period of stagnation. However, these