sales 6.1% 7.5% (1.4%) 5.7% 7.1% (1.4%) Administrative expense per net sales 10.5% 12.5% (2.0%) 8.6% 9.8% (1.2%) Net profit margin 4.4% 3.1% 1.3% 6.7% 5.8% 0.9% Earnings per share (Bath/Share) 0.05 0.03

31.3 Total liabilities 3,068.5 3,352.1 (283.6) (8.5) Issued and paid-up share capital 5,088.0 5,088.0 - - Share Premium 3,896.0 3,896.0 - - Retained earnings - Unappropriated 2,425.5 1,831.9 593.6 32.4

liabilities 109.2 68.7 40.5 59.0 Total liabilities 3,507.9 3,352.1 155.8 4.6 Issued and paid-up share capital 5,088.0 5,088.0 - - Share Premium 3,896.0 3,896.0 - - Retained earnings - Unappropriated 2,370.0

3,896.0 3,896.0 - - Retained earnings - Unappropriated 2,780.2 1,831.9 948.3 51.8 Deficit from business combination (22.9) (22.9) - - Total equity 11,741.3 10,793.0 948.3 8.8 Statement of Financial Position

(Loss) 110.64 7.60% 132.25 7.18% (21.61) (16.34%) Earnings per share (Baht per share) 0.0211 0.0253 (0.0041) (16.34%) Net Profit (Loss) After adjusted EBITDA 140.59 9.66% 161.29 8.76% (20.71) (12.84%) ท่ี

reserve 150.0 128.8 21.2 16.5 Retained earnings – Unappropriated 1,651.1 1,594.9 56.2 3.5 Total shareholders' equity 3,737.7 3,061.2 676.5 22.1 Issued and fully paid- up increased by 299. 5 MB, representing

terms of % to revenue improved from 7.5% in Q4 2021 to 5.9% in Q4 2022. Core operating profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange rate and

services as well. Management's Discussion and Analysis and operating results for the Quarter 3/2016 Page 2 / 8 At the same time, the subsidiaries consist of Irving Corporation Limited to sell products and

Osotspa Public Company Limited Q4’18 and FY18 Management Discussion & Analysis 27 February 2019 Q4’18 and 2018 Management Discussion & Analysis Page 1/7 Financial Highlights - Q4’18 Net profit* was

- Translation - Page 1 of 7 CBG 019/2018 11 May 2018 Subject Management discussions and analysis for the 3-month period ending 31 March 2018 To President The Stock Exchange of Thailand We, Carabao