financial institute (Solaris Fund) as of December 31, 2015 in the amount of Baht 400.00 million without accounting record. Thereafter, on the 2nd quarter of 2016, the Company redeemed the short-term bills of

31, 2015 in the amount of Baht 400.00 million without accounting record. Thereafter, on the 2nd quarter of 2016, the Company redeemed the short-term bills of exchange from the financial institute

- Increased in allowance for doubtful account amounting of 3.80 Million Baht, as fair value of account receivable assessment on TFRS9 Financial Instruments - Increased in depreciation expense amounting of 1.17

follows: 1. To approve payment of interim dividend for the operating results of January to June 2017 from net profit and retained earnings under the Company's financial statement, to the shareholders, at an

proportion than selling price increase is the main reason why net profit decrease. Graphite Electrode’s price which is a part of conversion cost increase significantly. Separate financial statement, the

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

warrants no. 2 (“VGI-W2”) to the shareholders whose name appeared on the shareholder list record date as of 15 August 2018. Key terms and conditions of VGI-W2 are as follows:- Key terms and conditions No. of

prior year. Moreover, bank fee for letter of guarantee for oil and gas construction was increased, which in line with project value. 6. The Group has received long term loan form the financial institution

income taxes (EBIT margin) at 48.0% and the EBITDA was totaled to Bt634.3 million, increasing by Bt27.4 million or 4.5% (y-o-y) and EBITDA margin was of 61.5%. 1.2.3 Finances Cost The financial expenses

Group has adopted the new Thai Financial Reporting Standards (TFRS) no. 15, Revenue from contracts with customer. The adoption of TFRS 15 mainly affects the Group’s accounting treatment cause the Group