23_MDA Q3_2563 EN -Translation- No. ECF2 038/2020 16 November 2020 Subject: Management Discussion and Analysis of the 3rd quarter and 9-month period ended 30 September 2020 To President The Stock

nine-month period when compared to the same period of the year 2016, which is related to the rise of revenue and to catch up work progress to complete on time resulting in higher costs while the

tourism sector characterized by an increase in foreign inbound tourists, especially from China due to more available direct flights to Thailand and Europe due to the Easter holidays at the end of the period

on a compromising contract. The defendant admitted owing to the plaintiff as sued and agreed to pay 44, 223, 200 Baht by dividing into 2 periods for 22,111,600 Baht per time. The first period will be

: ▪ Customer Rights to payment : ▪ Production house has enforceable rights to payment How to recognize revenue (over time vs point in time)? 5 6 Regular sale or Consignment Factory ModernTrade Facts - Once the

sector contracted sharply due to international travel restrictions. Therefore, the Thai economic recovery would take time to return to pre-pandemic levels. The first nine months was a challenging period

selling expenses to revenue ratio was on the back of the expenses related to preparation for the planned listing to the Stock Exchange of Thailand. Administrative expenses In the three-month period ended

expenses to revenue ratio was on the back of the expenses related to preparation for the planned listing to the Stock Exchange of Thailand. Administrative expenses In the six-month period ended June 30, 2017

mobile business. For QoQ, total revenue dropped -by 10% from the high season of iPhone sales in 4Q21. Core service revenue (excluding IC and TOT partnership) was Bt32,770mn, improving by 1.1% YoY from

External Customers 465.37 591.03 -125.67 -21.26% Total Revenue 467.03 594.71 -127.69 -21.47% Net Profit for the Period 17.50 156.58 -139.08 -88.82% 2. Importing and Selling of Cutting Tools unit: THB million