Microsoft Word - Oishi MDA - Year End 2018_EN_v2_Sud.docx Ref. SorNor. 040/2018 November 20, 2018 Subject: Clarification of Operating Results and Financial Status for the year 2018, ended September

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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

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%) Operating expenses 717,690 694,345 3.4% Finance costs - Interest expense 24,862 8,795 182.7% Net (loss) profit (370,918) 259,735 (242.8%) The Company closed year-end 2019 with hotel income of Baht 1,301.2

of Closed-End Funds _____________ By virtue of Clause 26/1 of the Notification of the Securities and Exchange Commission No. KorNor. 46/2541, Re: Rules, Conditions, and Procedures for Establishment and

Investment Units of Closed-End Funds _____________ By virtue of Clause 26/1 of the Notification of the Securities and Exchange Commission No. KorNor. 46/2541, Re: Rules, Conditions, and Procedures for

. The revenue is down reflecting from stores closed from 138 stores to 121 stores. Net selling price of Q2 2017 is higher than Q2 2016 by 5%. As a result, revenue is down due to the customer price

. The revenue is down reflecting from stores closed from 138 stores to 121 stores. Net selling price of Q2 2017 is higher than Q2 2016 by 5%. As a result, revenue is down due to the customer price

of service. Thus, this expensewill become the higher percentage of expense compared to the revenue. Other Expenses Q2 of year 2017, the company has closed 14 stores of which low revenue with the net