domestic and aboard sales as well as increase of agent commissions as selling through agents was higher. Net profit and Net profit margin For the 3nd quarter of 2018, the Company’s Net Profit was 2.73

, results in the installations of new machines throughout the year 2017. So, the Company had an increase in production capacity beginning from Q3/2017 for existing products as well as new high- end products

which continued to perform Osotspa Public Company Limited Q3’18 and 9M18 Management Discussion & Analysis 14 November 2018 Q3’18 and 9M18 Management Discussion & Analysis Page 2/7 well (+108.9% YoY

, which requires additional investment. As well as increasing the potential to sell more products in the future. The Company has considered that. The proportion of investment after the capital increase is

connected transaction, specifying the reasonableness and the highest benefit to the Company comparing with a decision to enter into a transaction with an independent third party as well as associated risk

this information memorandum is true, accurate as well as prudent and depending on maximizing of shareholder interest. In addition, the proposed of this information memorandum is for providing information

share in AEONTS AFS 45,698,196,100 JPY/ 225,510,128 shares Mr. Hideki Wakabayashi G - - AEON Systems 300 Million Peso/ 3,000,000 shares Mr. Junichi Iwakami 2 1 share - Board of Director as well as

this transaction is the connected transaction pursuant to the Notifications which shall be approved by Audit Committee and Board of Director as well as disclose to the Stock Exchange of Thailand. Opinion

% battery electric vehicle, as well as after sales service, and will support the investment in Subsidiary company for marketing expansion, including another purchaser (investor) having a good relationship

normal business transactions, representing reasonable prices and other conditions concerned. Furthermore, such transactions should contribute to the company’s further benefits, as well as help strengthen