summarized as follows: 1. For the business directly under the Company’s operation, i.e. the production and distribution of pocket books under the name of the “Nation Books Publisher”, the fund will be used as

3,293.90 -537.46 -16.3% Other income 19.49 25.33 -5.84 -23.1% Total revenue 2,775.93 3,319.23 -543.30 -16.4% Cost of goods sold & service 2,427.69 2,882.47 -454.78 -15.8% Selling & distribution expenses

. Apart from the distribution disruption, negative factors affecting tourism in Thailand still emerged and caused a material fall in the number of tourists, especially from China, which is our target

Osotspa Public Company Limited Q3’19 and 9M’19 Management Discussion & Analysis 13 November 2019 Q3’19 and 9M’19 Management Discussion & Analysis Page 1/6 Financial Highlights - Overall Q3’19 Net

exceed 11 years. 7. Benefits to the Company from the Transaction 1) To expand the scope of the operation of business from the furniture production and distribution, the main business, to the related

1 No. ECF2 029/2561 28 June 2018 Subject The Entering into an Investment of the construction of the Manufacturing Plant and Distributing of the Medium Density Fiber Board or MDF Board in Narathiwat

Sales (60) (83) 38% (134) (161) 20% Gross Profit 77 147 91% 183 267 46% Other income 1 4 300% 2 7 250% Selling and Distribution Expenses (53) (71) 34% (111) (133) 20% Administrative Expenses (32) (36) 13

trading company distributing IT and mobile merchandises and has a distribution channel covering area of all over Thailand. The product groups distributed by S-TREK can be categorized into the followings: 1

distribution of electricity under SAAM-SP1 mainly includes (1) depreciation expense for the solar power project, (2) operation and maintenance, and (3) other costs such as utility expenses, insurance, and power

related to generation and distribution of electricity under SAAM-SP1 mainly includes (1) depreciation expense for the solar power project, (2) operation and maintenance, and (3) other costs such as utility