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

million. This decrease was due to cessation of business of EIC Semiconductor Co., Ltd. in 2018, which had functioned as the Company’s agent for providing supply to customers in 2017. Loss on Impairment of

quarter of 2019, the Company revered provision for doubtful accounts amounting to Baht 4.71 million or equivalent to 100% because EIC Semiconductor Co., Ltd. and S. Thana Media Co., Ltd. received payment

China were strong, grew 6.6% and 39.49% year-on-year respectively and outperformed the industry. Portugal, however, reported a reduction in volume by 25.42% due to microchip shortage which has negatively

amounting to Baht 6.17 million or equivalent to 31.58% because the Company received the payment of advance for share subscription amounting to Baht 0.40 million. EIC Semiconductor Co., Ltd. and S. Thana Media

for share subscription amounting to Baht 0.40 million. EIC Semiconductor Co., Ltd. and S. Thana Media Co., Ltd. received payment from customers which had already set up allowance for doubtful accounts

Portugal operations were impacted by microchip shortages and the 4th wave of Covid-19 starting in July 2021, hence a relatively lower base in Q3 2021, and management’s effort to diversify into more product

Revenue Analysis Group Sales decreased 8% in 2019 to THB 20,384m from 2018 at THB 22,264m due to market weakness from the downturn in the semiconductor cycle and the US-China trade war. USD sales were 5