Osotspa Public Company Limited Q3’18 and 9M18 Management Discussion & Analysis 14 November 2018 Q3’18 and 9M18 Management Discussion & Analysis Page 1/7 Financial Highlights Q3’18 profit attributable

(4) GS and HYDRO would sign the project management contract for the production and distribution of water supply in subdistrict administrative organization of Tambon Mai-Khao ,Amphoe Thalang, Phuket

distribution costs decreased 17% since the Group could control costs and expenses more effectively.  Administrative expenses increased 103% since the Group compensated a voluntary resignation plan to the

AC0815/2017 August 15, 2017 Subject: Management Discussion and Analysis for Q2/2017 To: Managing Director The Stock Exchange of Thailand The company would like to report the operation results for the

:  Cost of goods sold and services decreased 10% and distribution costs decreased 25% since the Group could control costs and expenses more effectively.  Administrative expenses increased 68% since the

1 - TRANSLATION - KT/PB (Q-Con) 020/2019 August 7, 2019. Attention Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis the second quarter ended 30 June 2019

decreased in revenues from sales and services.  Distribution costs and administrative expenses decreased 20% due to in the second quarter of 2016, the subsidiaries have recognised a provision for inventory

1 - TRANSLATION - KT/PB (Q-Con) 007/2020 May 15, 2020. Attention Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis the first quarter ended 31 March 2020

1 - TRANSLATION - (Q-Con) 0012/2020 August 10, 2020. Attention Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis the second quarter ended 30 June 2020

capital of 5 million baht, requiring to have proper management structure and adequate personnel for business operations. ICO portals must be well-prepared to due diligence ICO issuers, assess business