, while in year 2018 there was a total shareholders' equity of 249.90 million baht, decrease of 202.64 million baht or decrease of 81.09 percent due to operating losses and loss adjustment from Impairment

% 51.4% 58.9% Remark: * EBITDA = Earnings before Interest, Taxes, Depreciation and Amortization - Non-operating income / (expense) ** Normalized net profit = Net profit – Unrealized gain / (loss) from FX

1/3 L-WAVE ENT 34/2020 7 August 2020 Subject : Management’s Discussion and Analysis for the six-month period ending 30 June 2020 operating results that varied more than 20% compared to the same

Public Company Limited (“the Company”) would like to clarify the operating results of the Company and its subsidiary for the 2nd quarter ended June 30, 2020 which has been audited by the independent

production and distribution, and the growth of sales in the US subsidiary and the substantial operating loss. The Company has the net profit for the first six month in total of 174.6 million Baht or equal to

operating performance of the Company for the Quarter 2/2020 ended 30 June 2020 are as follows: The Company earned THB 275.9 MB and THB 190.3 MB in Q2/2020 and 2019 respectively, an increase in total revenue

flow from operating activities was 92.5 MB, increased by 14.7 MB when compare with Q2/2019, the effective due to the increase of trade and other receivable and inventory, but there is a management of

Operating Results In 2Q20, the Company reported total revenue of THB 424 million; decreased by THB 845 million or 66.6% YoY, which 23.6%, 13.4%, 4.0% and 59.0% of total revenue were from Hotel Business

trade. The Company therefore gain support constantly from them and the bottom line is the growth for both revenue and profit. The Company would like to clarify operating performance for the Quarter 3/2020

utility costs, maintenance cost, and outsourced labor cost of space rental business. As a result of full stores operating in the 1st quarter of 2021 when compared with the temporary close during end of