the two languages, the Thai version shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However

Osotspa Public Company Limited Management’s Discussion and Analysis (MD&A) Consolidated Financial Results: Q4’19 and FY2019 26 February 2020 FY2019 Management Discussion & Analysis Page 1/6 Financial

. • Dividend paid Baht 16.80 million. Page 5 of 19 The analysis of operating result for six months Comparing accumulated operating results for 6 months with the same period of the prior year, the group’s profits

ที่ กตพ Ref. DBP. 073 / 2019 May 13, 2019 Subject : Clarification on Operating Results for the 1st quarter ending March 31, 2019 To : President The Stock Exchange of Thailand Diamond Building

Operating Results of the Company in Q2/2019 Q2/18 Q2/19 1H/18 1H/19 Change +/(-) (THB million) YoY 1H Operating Revenue 206 312 51% 405 599 48% Gross Profit 138 201 46% 273 389 42% EBITDA 49 95 94% 99 186 88

3344 Fax. 66 2 654 3323 No. PACE IR2018/013 Date: 15 May 2018 Subject: Explanation of the Operating Results for the three-month period ended 31 March 2018 changing over 20% To: The President The Stock

6 December 2007 No. PACE IR2018/013 Date: 15 May 2018 Subject: Explanation of the Operating Results for the three-month period ended 31 March 2018 changing over 20% To: The President The Stock

: Quarterly results  In Q3/2018, the Company and its subsidiary recorded total sales of Baht 1,205 million, a decrease of 20% YoY, mainly due to the drop in export CMG, domestic CMG, and domestic branded sales

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

consolidated financial results, the Company has total revenues stable compared to the same period of last fiscal year due to the current economic situation which is in an improved trend but the risks to asset