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

2020 ended June 30, 2020. Such financial statements comprise of the consolidated financial statements and the separate financial statements as compared with the financial statements for the second

. 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

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

% Profit and Loss Statement Consolidated Financial Statement Comparison of the quaterly Separate Financial statement 30th June 2017 30th June 2017 Comparison of six-month period profit and loss ended June

percent To The President of the Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Results for the three-month and the six-month : Q2/2017 For the three-month ended 30