Microsoft Word - I-!9%*#8˙I-*ˇ@( Blue Sky 20200929 EN_MDA Year End - Translation - 1 ACC-O-2010003 October 1, 2020 To: President The Stock Exchange of Thailand Subject: Management Discussion and

Microsoft Word - I-!9%*#8˙I-*ˇ@( Blue Sky 20200929 TH_MDA Year End 1 ท ีACC-O-2010003 1 ตลุาคม 2563 เรือง การวเิคราะห์และคําอธิบายระหว่างงวดของฝ่ายจดัการ ชีแจงผลการดาํเนินงานสําหรบัปีสินสดุวนัที 31

Microsoft Word - I-!9%*#8˙I-*ˇ@( Blue Sky 20200929 EN_MDA Quarterly - Translation - 1 ACC-O-2010004 October 1, 2020 To: President The Stock Exchange of Thailand Subject: Management Discussion and

Limited (“the Company”) No.6/2019, held on 9 September 2019, has unanimously resolved for the Company to acquire additional ordinary shares of Skywell (Thailand) Co., Ltd. (“SKY-T” or “Associate Company

Company”) No.3/2019, held on 9 September 2019, has unanimously resolved for the Company to dispose ordinary shares of Skywell (Thailand) Co., Ltd. (“SKY-T” or “Subsidiary Company”), former name is Rich Asia

. The government spending would still be the crucial driver for Thai Economy, especially the investment in large transportation infrastructure projects such as Double – track railway project and sky train

Australia to EGR Europe as delivery country. Gross profit margin decreased 4% duted to sold OEM project that high gross profit margin decrease, gross profit of Trading products decreased dued to Baht strength

Trading products decreased dued to Baht strength. - 2 - Selling and Administrative Expenses In the three-month period ended 30 June 2017 and 2016, total selling and administrative expenses of the Company

compared to the same period last year by gaining from dividend received. The financial structure of the Company was in the strength level and cash flow could be managed effectively, hence, there was no

decreased 15.49% dued to sold OEM project that high gross profit margin decrease, gross profit of Trading products decreased dued to Baht strength. Cost of sales and Services In 2017 and 2016, total cost of