Osotspa Public Company Limited Q2’20 and 1H’20 Management’s Discussion and Analysis 13 August 2020 Q2’20 and 1H’20 Management Discussion & Analysis Page 1/6 Financial Highlights - Despite the ongoing

not executive management or controlling shareholders from the past until current and shall not be after the acquisition of SEL. Thus, such transaction is not considered as a connected transaction

Seller’s Advisor *** LTM Q1/2019 means the last twelve months period from April 1, 2018 to March 31, 2019 7. Expected Benefits This Transaction would be a strategic fit to enhance IVL’s new growth engines

Government Savings Bank, the Project of information and communication technology Installation of the New Parliament Phase 2, the Project of the cables underground to enhance the area for the Eastern Aviation

cost management to its businesses. Furthermore, CPN is currently preparing to lease assets to CPN Retail Growth Leasehold REIT (CPNREIT) with 4 additional assets, as well as the extension of lease at

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2019 In the first quarter of 2019, the Thai economy continued to

Operating Results 1. Organizational structure and operation of the group of companies 3 2. Risk management 12 3. Business sustainability development 13 4. Management discussion and analysis (MD&A) 17 5

management works for the best interest of the business and all shareholders. Such descriptions should enhance investors’ understanding of the overall business operation the Company or the group of companies

be initiated by relevant trade debtors. This will also enhance financial structures of the Company. The sale of Komchadluek Business and Trademark will reduce risks concerning loss since KMM has

in personnel management and investment in the company very well as individual or / or institutional investors. according to the announcement of the related transaction, in the event that investors