expectation, Not only exporting business but Travelling business also have trend to growing less than expected and moreover Thai foreign exchange rate of the Baht was appreciate that cause Financial

Exchange Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between the two languages, the Thai version

แนวทางปฏิบัติ (UNOFFICIAL TRANSLATION) Readers should be aware that only the original Thai text has legal force, and that this English translation is strictly for reference. Notification of Practice

The Office of the Securities and Exchange Commission (Translation) PAGE (Translation) 7 Readers should be aware that only the original Thai text has legal force and that this English translation is

The Office of the Securities and Exchange Commission (Translation) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference

Microsoft Word - OrNor 3-2544 -expert8dec06.doc (Translation) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The

2019: Disposal of asset. The Company entered into the Share Sale and Purchase Agreement to dispose ordinary shares in a subsidiary, Mo Chit Land (MCL), worth THB 4,320mn to Sino-Thai Engineering and

administrative expenses2 (974.0) (770.2) 26.5% (700.0) 39.2% EBITDA 508.5 176.2 188.6% 131.6 286.4% Finance cost (200.8) (218.9) -8.3% (193.6) 3.7% Share of profit/loss from JVs/associates (equity income) 284.1

% Administrative Expenses (42.8) (37.5) 14.3% (118.6) (82.4) 44.0% Finance Costs (84.4) (84.2) 0.3% (245.5) (282.7) -13.2% Share of Profit from Investments in Associates and Joint Ventures 418.5 547.3 -23.5% 1,510.4

of the entire supply chain. Osotspa continued to provide helping hands to the communities and its business partners by joining force through the Osotspa Fighting for Thai Nation campaign that provides