CSL’s subsidiaries may continue to take such actions and make such arrangements so long as the same are considered as usually being undertaken in the ordinary course of business; and (ii) CSL and CSL’s

of 2021 (a copy in Thai and English) 2. Management Discussion and Analysis (MD&A) for the first quarter of 2021 (a copy in Thai and English) 3. Company's performance report, Form 45 for the first

copy in Thai and English) 2. Management Discussion and Analysis (MD&A) for the third quarter of 2017 (a copy in Thai and English) 3. Company's performance report, Form F45-3 for the third quarter of 2017

a large amount of cumulative loss in the past 3 years with the current ratio of only 0.12, which is a result of the large amount of current liabilities being due in one year, but also is at high

% from Q1/2018, mainly due to the improved operating results of Sriracha Power Plant, which its gross profit increased Baht 272 million from Q4/2018 and Baht 14 million from Q1/2018, as well as the

margin fell to 1.7% (1Q 2019; 9.0%) • Reported net loss of THB 807mn (down 238% YoY), from the aforementioned lower EBITDA as well as higher share of loss from joint ventures and higher depreciation and

expenses as a result of Company’s response plan to COVID-19. EBITDA margin fell to -17.7% (2Q 2019; 22.3%) • Reported net loss of THB 1,213mn, from the EBITDA shortfall as well as higher share of loss from

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

as well as the effectiveness of cash van distribution system that having access to over 180,000 retail stores nationwide. Meanwhile, sales of branded product by 3rd party’s manufacture decreased by THB

new content such as Disney and Thai League while decreasing -1.9% QoQ following a decrease in interconnection charge. SG&A expenses were Bt5,537mn, slightly increasing 0.8% YoY mainly from lower