<SEC-DOCUMENT>0001171843-20-006283.txt : 20200904
<SEC-HEADER>0001171843-20-006283.hdr.sgml : 20200904
<ACCEPTANCE-DATETIME>20200904134129
ACCESSION NUMBER:		0001171843-20-006283
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200904
FILED AS OF DATE:		20200904
DATE AS OF CHANGE:		20200904

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASIA PACIFIC WIRE & CABLE CORP LTD
		CENTRAL INDEX KEY:			0001026980
		STANDARD INDUSTRIAL CLASSIFICATION:	DRAWING AND INSULATING NONFERROUS WIRE [3357]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14542
		FILM NUMBER:		201161527

	BUSINESS ADDRESS:	
		STREET 1:		ROOM B 7/FL., NO. 132, SEC. 3
		STREET 2:		MIN-SHENG EAST ROAD
		CITY:			TAIPEI, 105
		STATE:			F5
		ZIP:			105
		BUSINESS PHONE:		886-2-2712-2558

	MAIL ADDRESS:	
		STREET 1:		ROOM B 7/FL., NO. 132, SEC. 3
		STREET 2:		MIN-SHENG EAST ROAD
		CITY:			TAIPEI, 105
		STATE:			F5
		ZIP:			105
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_090420.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html><head><title></title></head><body style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><div align="center"><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;">&#160;</div></div><p style="font-size: 14pt;" align="center"><strong>UNITED STATES</strong><br /><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br /><strong>Washington, D.C. 20549</strong></p><p style="font-size: 14pt;" align="center"><strong>Form 6-K<!--Form 6-K--></strong></p><p style="text-align: center;"><strong></strong></p><p style="text-align: center;"><strong>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 <br />UNDER THE SECURITIES EXCHANGE ACT OF 1934</strong></p><p style="text-align: center;"><strong></strong><strong>For the month of: September, 2020</strong></p><p style="text-align: center;"><strong>Commission File Number:</strong> <strong>1-14542</strong></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED</strong></font><br />(Translation of registrant's name into English)</p><!--<p style="text-align: center;"><strong>Bermuda</strong> <br/>(Jurisdiction of incorporation or organization)</p>--><p style="text-align: center;"><strong>15/Fl. B, No. 77, Sec. 2, Dunhua South Road, Taipei, 106, Taiwan, Republic of China</strong><br />(Address of principal executive office)</p></div><p>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<br />Form 20-F [&#160;X ] &#160;&#160;&#160;&#160;&#160;Form 40-F [&#160;&#160; ]</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): __<u></u></p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): __<u></u></p><hr style="page-break-after: always;" noshade="noshade" /><p><p>The Registrant issued a press release on September 3, 2020, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</p><p><a href="exh_991.htm">Exhibit 99.1 &ndash; Press release dated September 3, 2020</a></p></p><hr style="page-break-after: always;" noshade="noshade" /><p style="text-align: center;"><strong>SIGNATURES</strong></p><p>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p><table style="font-family: Times New Roman; font-size: 10pt;" border="0" width="100%" cellspacing="0" cellpadding="0"><tr valign="top"><td width="47%">&#160;</td><td colspan="2" width="6%"><strong>ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED</strong></td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td style="text-align: left;" align="center" width="47%">(Registrant)</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">&#160;</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr><tr valign="top"><td width="47%">Date: September 4, 2020</td><td style="text-align: right;" width="6%">By:&#160;&#160;</td><td style="text-decoration: underline; text-align: left;" align="center" width="47%">/s/ Ivan Hsia</td></tr><tr valign="top"><td width="47%">&#160;</td><td style="text-align: right;" width="6%">&#160;&#160;</td><td style="text-align: left;" align="center" width="47%">Ivan Hsia</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td style="text-align: left;" align="center" width="47%">Chief Financial Officer</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr></table></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>

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<p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p>

<p style="text-align: center;"><font style="font-size: 14pt;"><strong>Asia Pacific Wire & Cable Corporation Ltd. Reports Second Quarter 2020 Financial Results</strong></font></p>

<p style="text-align: center;"><strong></strong></p>

<p>
           <p align="left">TAIPEI, Taiwan, Sept.  03, 2020  (GLOBE NEWSWIRE) -- Asia Pacific Wire &amp; Cable Corporation Limited (NASDAQ: APWC) ("APWC" or the "Company"), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region, today announced the Company's financial results for the six months ended June 30, 2020. Unless otherwise indicated, all data are reported in U.S. Dollars at the exchange rate prevailing on the date of the event or result reported.</p>

<table style="width: 100%; border-collapse: collapse">
<tr>
    <td colspan="8" style="vertical-align: bottom"><strong>First Six Months 2020 Financial Results&#160;(Ended June 30, 2020), and</strong> <strong>2019 comparative results</strong></td></tr>
<tr>
    <td colspan="8" style="vertical-align: bottom">&#160;</td></tr>
<tr>
    <td style="white-space: nowrap; vertical-align: bottom">&#160;</td>
    <td colspan="2" style="white-space: nowrap; vertical-align: bottom"><u>First 6 Months 2020</u></td>
    <td>&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; vertical-align: bottom"><u>First 6 Months 2019</u></td>
    <td>&nbsp;</td>
    <td style="white-space: nowrap; vertical-align: bottom"><u>CHANGE</u></td></tr>
<tr>
    <td style="max-width: 52%; width: 46%; min-width: 52%; vertical-align: bottom">Revenues</td>
    <td style="max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom">$</td>
    <td style="max-width: 15%; width: 12%; min-width: 15%; vertical-align: bottom">127.6 million</td>
    <td style="width: 8%">&nbsp;</td>
    <td style="max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom">$</td>
    <td style="max-width: 15%; width: 12%; min-width: 15%; vertical-align: bottom">160.6 million</td>
    <td style="width: 8%">&nbsp;</td>
    <td class="hugin" style="max-width: 16%; width: 12%; min-width: 16%">(20.5)%</td></tr>
<tr>
    <td style="vertical-align: bottom">Operating Profit/(Loss)</td>
    <td style="vertical-align: bottom">$</td>
    <td style="vertical-align: bottom">0.3 million</td>
    <td>&nbsp;</td>
    <td style="vertical-align: bottom">$</td>
    <td style="vertical-align: bottom">(3.5) million</td>
    <td>&nbsp;</td>
    <td class="hugin">(1.09)%</td></tr>
<tr>
    <td style="vertical-align: bottom">Net Income/(Loss)</td>
    <td style="vertical-align: bottom">$</td>
    <td style="vertical-align: bottom">(0.8) million</td>
    <td>&nbsp;</td>
    <td style="vertical-align: bottom">$</td>
    <td style="vertical-align: bottom">(1.7) million</td>
    <td>&nbsp;</td>
    <td class="hugin">52.5%</td></tr>
<tr>
    <td style="vertical-align: bottom">EPS<sup>(1)</sup></td>
    <td style="vertical-align: bottom">$</td>
    <td style="vertical-align: bottom">(0.06)</td>
    <td>&nbsp;</td>
    <td style="vertical-align: bottom">$</td>
    <td style="vertical-align: bottom">(0.12)</td>
    <td>&nbsp;</td>
    <td class="hugin">50.0%</td></tr>
<tr>
    <td colspan="8" style="vertical-align: bottom">&#160;</td></tr>
<tr>
    <td colspan="8" style="vertical-align: bottom">(1)The calculation of the earnings per share is based on 13,819,669 and 13,819,669 basic and diluted weighted average common shares issued and outstanding for the six months ended June 30, 2020 and 2019, respectively.</td></tr>
</table>

<p align="left"><strong>First Six Months 2020 Results</strong>&#160;<br ></p>

<p>Revenues for the six months ended June 30, 2020, were $127.6 million, a decrease of 20.5% from $160.6 million for the six months ended June 30, 2019. &#160;The decrease was primarily attributable to revenue decreases in the Company&#8217;s Thailand, North Asia, and Rest of World (&#8220;ROW&#8221;) regions. Net revenue in the Company&#8217;s Thailand region decreased by 23.6%, primarily due to decreased sales of low margin products due to COVID-19. Revenues in the Company's North Asia region decreased by 23.1%, primarily due to the cessation of manufacturing operations of Shanghai Asia Pacific Electric Co., Ltd. (&#8220;Yayang&#8221;) , and due to depreciation of the local currency. Revenues in the Company's Rest of World ("ROW") region decreased by 12.1%, primarily due to Singapore&#8217;s lockdown for reasons associated with COVID-19. The Company's North Asia region includes China and Hong Kong; the Thailand region consists of operations and sales within Thailand; the ROW region includes Singapore, Australia and the other markets where APWC has operations or sales outside of the Thailand region and North Asia region.</p>

<p>Operating profit for the six months ended June 30, 2020 increased to $0.3 million from a loss of $(3.5) million for the six months ended June 30, 2019. &#160;Operating profit margin increased from a loss of (2.2)% in 2019 to a profit of 0.2% in 2020. &#160;In the Thailand region, operating profit margin increased from a loss of (2.1)% to a profit of 3.7%, which was attributable primarily to the increase in sales of higher profit margin products.&#160;In the North Asia region, operating profit margin increased from 2.0% in 2019 to 3.0% for the same period in 2020, primarily attributable to the decrease in corresponding operating expenses resulting from the cessation of Yayang. The ROW region&#8217;s operating loss margin increased from (3.6) % in 2019 to (4.1)% in 2020, primarily attributable to higher average cost resulting from decreased sales volume in Singapore for reasons associated with COVID-19.</p>

<p>Selling, general and administrative expenses for the six months ended June 30, 2020 were $11.8 million, compared to $13.1 million reported for the six months ended June 30, 2019. &#160;Net loss attributable to APWC shareholders was $(0.8) million for the first six months of 2020, compared to a net loss of $(1.7) million for the same period in 2019. &#160;The decrease in net loss was primarily due to an increase in operating profit. The weighted average number of shares issued and outstanding was 13.82 million for the six months ended June 30, 2020 and 2019.</p>

<p><strong>Financial Condition</strong></p>

<p>APWC reported $52.9 million in cash and cash equivalents as of June 30, 2020, compared to cash and cash equivalents of $53.7 million as of December 31, 2019.</p>

<p>Current assets totaled $239.2 million as of June 30, 2020, compared to $239.5 million as of December 31, 2019. &#160;Working capital was $174.7 million as of June 30, 2020. &#160;Short term bank loans were $14.9 million at June 30, 2020, an increase from $11.4 million at the end of 2019. &#160;The Company had $3.3 million in long-term debt outstanding at June 30, 2020, compared to $0.0 in long-term debt as of December 31, 2019. Shareholder's equity attributable to APWC was $148.1 million as of June 30, 2020, compared to $153.9 million as of December 31, 2019.</p>

<p>APWC reported $10.8 million in cash generated from operations during the six months ended June 30, 2020, compared to cash used in operations of $4.2 million in the corresponding period in 2019. The increase in cash generated from operations in 2020 was primarily attributable to the increased accounts receivable collection. The Company reported $15.7 million in cash outflows from investing activities during the six months ended June 30, 2020, compared to $2.3 million in cash outflows in the same period of 2019. The increase in cash used for investing activities in the first six months of 2020 was attributable primarily to the increase in purchases of property, plant and equipment in the Thailand region and the purchase of investment properties in the ROW region.&#160; APWC reported $5.6 million in cash inflows from financing activities during the first six months of 2020, compared to $7.1 million in cash outflows from financing activities in the same period of 2019. The increase in cash inflows in 2020 was primarily attributable to an increase in the bank loan borrowing.</p>

<p>We encourage shareholders to visit the Company's website for further information (<u>www.apwcc.com</u>). Information on the
Company's website or any other website does not constitute a portion of this release.</p>

<p><strong>About Asia Pacific Wire &amp; Cable Corporation</strong></p>

<p>Asia Pacific Wire &amp; Cable Corporation is principally engaged in the manufacture and distribution of telecommunications (copper and fiber optic) and power cable and enameled wire products in the Asia Pacific region, primarily in Thailand, China, Singapore and Australia. The Company manufactures and distributes its own wire and cable products and also distributes wire and cable products manufactured by its principal shareholder, Pacific Electric Wire &amp; Cable Company, a Taiwanese company. The Company also provides project engineering services in the supply, delivery and installation ("SDI") of power cables to certain of its customers.</p>

<p><strong>Safe Harbor Statement</strong></p>

<p>This release contains certain "forward-looking statements" relating to the Company, its business, and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes", "anticipates", "expects", &#8220;estimates&#8221;, &#8220;intends&#8221;, &#8220;plans&#8221; or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as believed, anticipated, expected, estimated, intended or planned. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.</p>

<table align="center" style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; ">
<tr>
    <td style="vertical-align: top ; "><strong>Contact:</strong><br ><em>Investor Relations Contact:<br > Asia Alpha Investor Relations<br > Lisa A. Gray</em><br ><em>Senior Account Manager<br > Phone: +1-212-989-9899<br > Email: </em><em><u>apwc@asiaalphair.com</u></em></td></tr>
</table>

<p align="center"><br ><br ></p>

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<table align="center" style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; ">
<tr>
    <td colspan="8" style="text-align: center ;  vertical-align: middle; ">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</td></tr>
<tr>
    <td colspan="8" style="text-align: center ;  vertical-align: middle; ">CONSOLIDATED INCOME STATEMENTS</td></tr>
<tr>
    <td colspan="8" style="text-align: center ;  vertical-align: middle; ">(Unaudited)</td></tr>
<tr>
    <td colspan="8" style="text-align: center ;  vertical-align: middle; ">(Amounts in thousands of U.S. Dollars, except share data)</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td colspan="7" style="text-align: center ;  vertical-align: middle; "><strong>For the six months</strong></td></tr>
<tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="7" style="text-align: center ;  vertical-align: middle; "><strong>ended June 30,</strong></td></tr>
<tr>
    <td style="max-width:55%; width:55%; min-width:55%;;vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="max-width:18%; width:18%; min-width:18%;;padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2020 </strong></td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; text-align: center ;  vertical-align: middle; ">&#160;</td>
    <td style="max-width:1%; width:1%; min-width:1%;;text-align: center ;  vertical-align: middle; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-right: 0 ; text-align: center ;  vertical-align: middle; ">&#160;</td>
    <td style="max-width:18%; width:18%; min-width:18%;;padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2019 </strong></td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td class="hugin">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; "><strong>&#160;(Unaudited)</strong></td></tr>
<tr>
    <td class="hugin">Revenue</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">127,614</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">160,602</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Cost of sales</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(115,544</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(151,434</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td class="hugin">Gross profit</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">12,070</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
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<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">262</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
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    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">572</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Selling, general and administrative expenses</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(11,844</td>
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    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(13,131</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td class="hugin">Other operating expenses</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(224</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(83</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td class="hugin">Operating profit/(loss)</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">264</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(3,474</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td></tr>
<tr>
    <td class="hugin">Finance costs</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(370</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(562</td>
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<tr>
    <td class="hugin">Finance income</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">178</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">277</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Share of loss of associates</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1</td>
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    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1</td>
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<tr>
    <td class="hugin">Exchange gain</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">145</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">981</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Other income</td>
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    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">584</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">384</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Other expense</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(82</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td class="hugin">Profit before tax</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">800</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(2,477</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td class="hugin">Income tax expense</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(772</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">163</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Profit/(Loss) for the period</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">28</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(2,314</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
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    <td class="hugin" colspan="3">&#160;</td></tr>
<tr>
    <td class="hugin">Attributable to:</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td></tr>
<tr>
    <td class="hugin">Equity holders of the parent</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(818</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1,723</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td class="hugin">Non-controlling interests</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">846</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(591</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td class="hugin">Basic and diluted loss per share</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(0.06</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(0.12</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td class="hugin">Basic and diluted weighted average common shares outstanding</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">13,819,669</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">13,819,669</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
</table>

<p><br ></p>

<p><br ></p>

<!-- Field: Page; Sequence: 2 -->
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<p></p>

<table align="center" style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; ">
<tr>
    <td colspan="8" style="text-align: center ;  vertical-align: middle; ">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</td></tr>
<tr>
    <td colspan="8" style="text-align: center ;  vertical-align: middle; ">CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME</td></tr>
<tr>
    <td colspan="8" style="text-align: center ;  vertical-align: middle; ">(Unaudited)</td></tr>
<tr>
    <td colspan="8" style="text-align: center ;  vertical-align: middle; ">(Amounts in thousands of U.S. Dollars, except share data)</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td colspan="7" style="text-align: center ;  vertical-align: middle; "><strong>For the six months</strong></td></tr>
<tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="7" style="text-align: center ;  vertical-align: middle; "><strong>ended June 30,</strong></td></tr>
<tr>
    <td style="max-width:55%; width:55%; min-width:55%;;vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="max-width:18%; width:18%; min-width:18%;;padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2020 </strong></td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin" style="max-width:1%; width:1%; min-width:1%;">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="max-width:18%; width:18%; min-width:18%;;padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2019 </strong></td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; "><strong>&#160;(Unaudited)</strong></td>
    <td class="hugin">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; "><strong>&#160;(Unaudited)</strong></td></tr>
<tr>
    <td class="hugin">Profit/(Loss) for the period</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">28</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(2,314</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td class="hugin">Other comprehensive income/(loss)</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td></tr>
<tr>
    <td class="hugin">Other comprehensive income/(loss) to be reclassified to profit or loss in subsequent periods:</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td></tr>
<tr>
    <td style="vertical-align: middle;   text-align: left;   padding-left: 15.0px; ">Exchange differences on translation of foreign operations, net of tax of nil</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(6,919</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">7,123</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(6,919</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">7,123</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Other comprehensive income/(loss) not to be reclassified to profit or loss in subsequent periods:</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td></tr>
<tr>
    <td style="vertical-align: middle;   text-align: left;   padding-left: 15.0px; ">Changes in the fair value of equity instruments measured at FVOCI</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1,069</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">227</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: middle;   text-align: left;   padding-left: 15.0px; ">Income tax effect</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">214</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(45</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(855</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">182</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: middle;   text-align: left;   padding-left: 15.0px; ">Re-measuring income/(losses) on defined benefit plans</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">134</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(124</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td style="vertical-align: middle;   text-align: left;   padding-left: 15.0px; ">Income tax effect</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(26</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">24</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">108</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(100</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td></tr>
<tr>
    <td class="hugin">Other comprehensive income/(loss) for the period, net of tax</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(7,666</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">7,205</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Total comprehensive income /(loss) for the period, net of tax</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(7,638</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">4,891</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Attributable to:</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td></tr>
<tr>
    <td class="hugin">Equity holders of the parent</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
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    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
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    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">3,477</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
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    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(7,638</td>
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    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
</table>

<p><br ></p>

<p><br ></p>

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<p></p>

<table align="center" style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; ">
<tr>
    <td colspan="6" style="text-align: center ;  vertical-align: middle; ">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</td></tr>
<tr>
    <td colspan="6" style="text-align: center ;  vertical-align: middle; ">CONSOLIDATED BALANCE SHEETS</td></tr>
<tr>
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<tr>
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<tr>
    <td class="hugin">&#160;</td>
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<tr>
    <td class="hugin">&#160;</td>
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<tr>
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<tr>
    <td class="hugin">Current assets</td>
    <td class="hugin" colspan="2">&#160;</td>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="2">&#160;</td></tr>
<tr>
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<tr>
    <td class="hugin">Trade receivables</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">52,072</td>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">74,077</td></tr>
<tr>
    <td class="hugin">Other receivables</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">9,636</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">6,868</td></tr>
<tr>
    <td class="hugin">Contract assets</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">1,625</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">4,686</td></tr>
<tr>
    <td class="hugin">Due from related parties</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">11,348</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">11,566</td></tr>
<tr>
    <td class="hugin">Inventories</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">104,687</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">85,187</td></tr>
<tr>
    <td class="hugin">Prepayments</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">4,615</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">1,926</td></tr>
<tr>
    <td class="hugin">Other current assets</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; ">2,249</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; ">1,521</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">239,153</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">239,504</td></tr>
<tr>
    <td class="hugin">Non-current assets</td>
    <td class="hugin" colspan="2">&#160;</td>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="2">&#160;</td></tr>
<tr>
    <td class="hugin">Financial assets at fair value through other comprehensive income</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">2,968</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">4,062</td></tr>
<tr>
    <td class="hugin">Property, plant and equipment</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">42,916</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">41,747</td></tr>
<tr>
    <td class="hugin">Right of use assets</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">3,348</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">3,735</td></tr>
<tr>
    <td class="hugin">Prepaid land lease payments</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">-</td></tr>
<tr>
    <td class="hugin">Investment properties</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">5,732</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">730</td></tr>
<tr>
    <td class="hugin">Intangible assets</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">193</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">128</td></tr>
<tr>
    <td class="hugin">Investments in associates accounted for using equity method</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">903</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">935</td></tr>
<tr>
    <td class="hugin">Deferred tax assets</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">4,451</td>
    <td class="hugin">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: middle; ">3,939</td></tr>
<tr>
    <td class="hugin">Other non-current assets</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; ">3,639</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; ">4,131</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; ">64,150</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; ">59,407</td></tr>
<tr>
    <td class="hugin">Total assets</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; ">303,303</td>
    <td class="hugin">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; ">298,911</td></tr>
</table>

<p><br ></p>

<p><br ></p>

<!-- Field: Page; Sequence: 4 -->
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    <!-- Field: /Page -->



<table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; ">
<tr>
    <td colspan="14" style="text-align: center ;  vertical-align: middle; ">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</td></tr>
<tr>
    <td colspan="14" style="text-align: center ;  vertical-align: middle; ">CONSOLIDATED BALANCE SHEETS</td></tr>
<tr>
    <td colspan="14" style="text-align: center ;  vertical-align: middle; ">(Amounts in thousands of U.S. Dollars, except share data)</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="5">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin" colspan="5">&#160;</td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td colspan="5" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; "><strong>As of<br > June 30, 2020<br > (Unaudited)</strong></td>
    <td class="hugin" colspan="3">&#160;</td>
    <td colspan="5" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; "><strong>As of<br > December 31, 2019<br > (Audited)</strong></td></tr>
<tr>
    <td class="hugin">&#160;</td>
    <td class="hugin" colspan="5">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin" colspan="5">&#160;</td></tr>
<tr>
    <td class="hugin">Liabilities</td>
    <td class="hugin" colspan="5">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin" colspan="5">&#160;</td></tr>
<tr>
    <td class="hugin">Current liabilities</td>
    <td class="hugin" colspan="5">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin" colspan="5">&#160;</td></tr>
<tr>
    <td class="hugin" style="max-width:55%; width:55%; min-width:55%;">Interest-bearing loans and borrowings</td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td colspan="3" style="max-width:18%; width:18%; min-width:18%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">14,931</td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin" colspan="3" style="max-width:1%; width:1%; min-width:1%;">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td colspan="3" style="max-width:18%; width:18%; min-width:18%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">11,356</td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Trade and other payables</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">25,727</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">16,879</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Due to related parties</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">3,945</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">3,284</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Financial liabilities at fair value through profit or loss</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(23</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">3</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Accruals</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">11,583</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">14,437</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Current tax liabilities</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">3,133</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,872</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Employee benefit liabilities</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,012</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,888</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td class="hugin">Financial lease liabilities</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">570</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
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<tr>
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    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
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<tr>
    <td class="hugin">&#160;</td>
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<tr>
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<tr>
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<tr>
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    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">10,434</td>
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<tr>
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<tr>
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<tr>
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<tr>
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    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
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<tr>
    <td class="hugin">&#160;</td>
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<tr>
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<tr>
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    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">138</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
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    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">110,416</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(38</td>
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    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(38</td>
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<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">53,384</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
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    <td colspan="3" style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(14,962</td>
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    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(10,046</td>
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<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">153,854</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
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    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
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    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
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    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">74,581</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
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    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
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    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
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    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
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    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
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    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
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</table>


<!-- Field: Page; Sequence: 5 -->
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<p></p>

<table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; ">
<tr>
    <td colspan="14" style="text-align: center ;  vertical-align: middle; ">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</td></tr>
<tr>
    <td colspan="14" style="text-align: center ;  vertical-align: middle; ">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</td></tr>
<tr>
    <td colspan="14" style="text-align: center ;  vertical-align: middle; ">(Unaudited)</td></tr>
<tr>
    <td colspan="14" style="text-align: center ;  vertical-align: middle; ">(Amounts in thousands of U.S. Dollars)</td></tr>
<tr>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin" colspan="5">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td colspan="3" style="vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td colspan="3" style="max-width:55%; width:55%; min-width:55%;;vertical-align: bottom ; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
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    <td style="max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; text-align: center ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="max-width:1%; width:1%; min-width:1%;;text-align: center ;  vertical-align: middle; ">&#160;</td>
    <td style="max-width:2%; width:2%; min-width:2%;;padding-right: 0 ; text-align: center ;  vertical-align: middle; ">&#160;</td>
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    <td style="max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="5" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; "><strong>&#160;(Unaudited)</strong></td>
    <td class="hugin" colspan="3">&#160;</td>
    <td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; "><strong>&#160;(Unaudited)</strong></td></tr>
<tr>
    <td class="hugin" colspan="3">Net cash provided by/(used in) operating activities</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(4,230</td>
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<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(15,740</td>
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    <td class="hugin" colspan="3">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(2,305</td>
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<tr>
    <td class="hugin" colspan="3">Net cash provided by/(used in) financing activities</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">5,562</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(7,126</td>
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<tr>
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    <td colspan="3" style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1,421</td>
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    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,978</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(752</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(11,683</td>
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<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td colspan="3" style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">53,673</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
    <td class="hugin" colspan="3">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">60,778</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
<tr>
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    <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
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    <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td>
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    <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
    <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">49,095</td>
    <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">&#160;</td></tr>
</table></p>

<p ></p>
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