August 7, 2019 Re : Management Discussion and Analysis for Q2/2019 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated revenue

OHTL Public Company Limited and its subsidiaries Management Discussion and Analysis for the first quarter ended 31 March 2020 (Unit: Thousand Baht) 2020 2019 Increased/ (Decreased) Room revenue

–2021 Balance by Quarter Change Q3-21 Q2-21 Q3-20 Q3-21 VS Q2-21 Q3-21 VS Q3-20 (Million Baht: MB) (MB) % (MB) % Total revenue 1,509.1 2,081.2 2,241.1 (572.1) (27.5) (732.0) (32.7) Total operating

% Restaurant 23.34 16% 137.73 47% (114.39) -83% Entertainment 3.93 3% 11.91 4% (7.98) -67% Total Revenue 141.26 100% 294.17 100% (152.91) -52% Total Cost 69.88 49% 165.31 56% (95.43) -58% Gross profit 71.38 51

2016 due to the government has realized the importance and necessity in integrating the information technology to the economic and social sectors by placing certain policies as a stimulus; for instance

due to the stimulus policy from the government in relation to telecommunication industry giving a positive impact towards the Company in winning many new contracts and consequently resulting in a

affected from alternative energy development plan(AEDP). Moreover government recently announced that bought alternative energy with lower price, it caused decreasing investment. The revenue from sale

, 2018. The conclusions are as follow; 1. Revenue: The total revenue of the 1st quarter of year 2018 of Baht 1,284.33 million increased of Baht 46.92 million or 3.79% comparing to the total revenue of the

: Statement of comprehensive income for the nine-month period ended 30 September (Unit : Million Baht) 2017 2016 Change Operating revenue 1,111.90 1,057.78 54.11 Operating cost 941.45 914.88 26.57 Gross profit

(0.24) million due to most customers in the government sector changing their bidding process to E-bidding which has lower cost and expense. (Unit : Million Baht) 2018 2017 Change % Change Revenue from