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

Road Expressway ( SOE) and farebox revenue of the MRT Blue Line. In addition, interest income amounted to Baht 112 Million was received from the MRTA under the concession agreement of the MRT Chalong

reclassification in the amount of Baht 2,334 Million, net of corporate income tax. 4. The progress of the MRT Blue Line Extension Project At the end of December 2019, the progress of the installation of the M&E

2019 The progress of the MRT Blue Line Extension Project At the end of September 2019, the progress of the installation of the M&E Systems of the MRT Blue Line Extension Project (Hua Lamphong - Lak Song

entered into the MRT Blue Line Concession Agreement with the Mass Rapid Transit Authority of Thailand ( the “MRTA”) on March 31, 2017 for the concession period of 33 years. The MRT Blue Line Project

Project Management, Supply and Installation of the M&E Systems for the MRT Blue Line Extension Project at the project inception. Cost of construction services and sales of construction materials The Company

Company Limited entered into the MRT Blue Line Concession Agreement with the Mass Rapid Transit Authority of Thailand (the “MRTA”) on March 31, 2017 for the concession period of 33 years. The MRT Blue Line

the same period of the year earlier and has gross profit margin of 31.89%. because the company has improved the structure within the organization. The company has administrative expenses of THB 3.56