undelivered sugar which will be shipped and recorded in 4th quarter 2018 Financial Cost In 2018 harvesting season, the Company has crushed sugarcane 11.03 million tons compare to 6.83 million tons last year or

Holdings Limited (“SGAH”), which is at present an associate of the Company, at the amount of USD 65 million, or equivalent to approximately Baht 2,138 million, in order to support and strengthen the

financial statements due to an appreciation of the Thai Baht from 3Q17. Other Income increased from the share of profit from investment in DREIT and food business, which the company invested in 1Q18. Total

subsidiaries’ financial results. Net cash used in investing activities was Baht 1,648.50 million, most of which came from investments in associated companies and fixed assets. Net cash used in financing

which continued to perform Osotspa Public Company Limited Q3’18 and 9M18 Management Discussion & Analysis 14 November 2018 Q3’18 and 9M18 Management Discussion & Analysis Page 2/7 well (+108.9% YoY

, following the slowdown in domestic consumption as well as customers’ cautiousness in spending resulted from lower consumers’ confidence which reflected in sluggish spending in fast moving consumer goods (FMCG

management and reduce financial costs; including the risk of non-payment according to the transaction is low. (8) Opinions by Audit Committee or director which different from the Board of Directors -None- 2

, 2018 approved to the subsidiary borrowing from connected person which is the connected transaction according to the Notification of the Securities and Exchange Commission, as the announcement of JSP 126

new ordinary shares with a par value of Baht 5.00 per share. The payment is equal to Baht 2.6786, which is the same as the existing shareholders. 7. Reason for disposal assets and benefits to the

The Company will enter into the transaction by accepting the transfer of business from Best Alternative Energy Co.,Ltd. ("BEST"), which holds 1,071,818 shares of GS, or 21.87% of 216.40 million baht