value is derived from this method of calculation, whereby the calculation is based on the Company's reviewed consolidated financial statements for the 6-month period as of 30 June 2018 of the Company

Osotspa Public Company Limited Management’s Discussion and Analysis (MD&A) Q1’20 Consolidated Financial Results 12 May 2020 Q1’20 Management Discussion & Analysis Page 1/6 Financial Highlights

. The consolidated statement of financial position as at 31 December 2017, the consolidated statement of comprehensive income, the consolidated statement of changes in equity, and the consolidated

on Connected Transaction"). The transaction size is equal to 0.66 percent of Net Tangible Asset (NTA) of the Company according to the most recent consolidated financial statements of the Company for

The Company has sold its land to the subsidiary and gains profit of Baht 29.85 million, but not presenting in the consolidated financial statements. In the consolidated financial statement, the amount

million THB i.e. 5,100 million THB in 2018, 1,800 million THB in 2019 and 330 million THB of the subsidiary company. After Revision -Translation- 2 Performance in Q1/2018 and 2017 Consolidated financial

condominium and housing projects, comprising the backlog of 8,000 million THB in 2019 and 1,500 million THB in 2020. Performance in 2018 and 2017 Consolidated financial statements The net profit and gross

from operation only accounted for 70.73 million. 2. Discussion of Financial Position 2.1 Assets As of September 30, 2019, total assets on consolidated basis amounted to THB 2,409.99 million dropped from

. Financial performance Statement of income Consolidated Financial Statements for 2019 2018 Change (Audited) (Audited) Increase (Decrease) THB Million % THB Million % THB Million % Revenues Sales income 16.89

expenses but there is some fix cost that we can’t decrease, the ratio of selling and admin expense is almost the same with last year. • We have to record special transaction in consolidated statement for