March 2020 compared to 31 December 2019: 4. Financial Ratios Note: 1) Net Debt = Interest bearing liabilities – cash and cash equivalents 2) Leverage Q1 and FY use annualized EBITDA for the previous 4

. -Increased revenue from sales of machinery equipment and engineering services realized via deliveries in the 1st and 2nd quarter of 2017. -Decreased financial expenses due to further debt reduction and

Benefits to the Company:  Lessen effect on recognition impairment of investment and goodwill into the consolidated financial statements  the burden of Debt to Equity of the consolidated financial

OISHI MD&A Q3-2020_EN 1/5 No: SN. 117/2020 11 August 2020 Subject: Management Discussions and Analysis for the three-month and nine-month periods and Financial Position ended June 30, 2020 Attention

23.0 MB, representing a decrease of 32.8% according to the repayment due date of debt under the financial lease agreement. Shareholders' Equity As of March 31, 2024, the Company had total equity

under financial arrangement agreement –net of current portion decreased by 37.8 MB, representing a decrease of 53.9% according to the repayment due date of debt under the financial lease agreement

during the nine- month period of 2024, the Company has paid the debt under the financial l arrangement agreement according to the installments due. Income tax payable decreased by 15. 6 MB, representing a

have the opportunity to purchase additional debt from financial institutions. The company has prepared a financial plan for the acquisition of the said debt. 4. Real estate development business Real

from 25.2% to 44.7% due mainly to the fact that WHART solely used the debt funding from financial institution which is deemed lower cost of fund compared to the fund raised from investors to acquire the

shares had been traded with the new par starting July 13, 2017.  As of the end of 2Q2017, we had Baht 7,206.3 million of Net Interest-Bearing Debt. Our financial position is strong as reflected from the