1 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Management Discussion and Analysis 2019 2 March 2020 KEY EVENT IN 2019 In 2019, UWC announced a corporate restructuring, which featured in changing in many

changing in many key management positions and business strategies in order to enhance efficiency and growth. Under new structure, UWC shifted the focus from less competent business such as renewable energy

year, to reflect the slowdown in sales due to the COVID-19 pandemic which resulted in the closures of many points of sales between March and May. Some of the expenses, however, were less elastic to sales

In case a unit offeror has failed to comply with the rules as prescribed in this Notification, the unit offeror shall comply with one or many of the following acts ordered by the SEC Office: (1) cease

, etc. In Q2-2023, there was an increase in cost of sales and services by 41.3%, which was higher than the change in revenue compared to the Q1-2023, which equaled to 35.4% due to many delivered projects

weaker to previously average level. Amongst uncertain situation in many countries, Thailand’s post-election government was formed in June. That was a positive factor to promote the country’s stability in

efficiency. As a result, in the second quarter of 2018, has orders in many large projects, such as the Improved treatment system of 300 cubic meters per day project (from delivery 2 times), water system

a timely and cost-effective way to raise funds. In the past few months, ICO has grown exponentially and has surpassed early-stage venture capital funding for blockchain. Many questions have also

crisis. OSP can speed up many launches of hygiene products, i.e. Olé Strawberry Parfait Hand Sanitizer and launch Olé hand sanitizer gel 500 ml to timely respond to the high demand. Under COVID-19

position 4. Analysis of the consolidated cash flow 5. Future operating trends Summary of the company's operating results In 1Q2020, many countries around the world including Thailand were facing with the