November 12, 2017 Subject: Management Discussion and Analysis For the three-month period ended September 30, 2017 To: The President, The Stock Exchange of Thailand Home Pottery Public Company Limited

Profit 41,954 32,219 9,735 30.22 Gross profit margin (%) 54.98 55.78 (0.80) (1.44) Golf Services & Property Management Revenue 40,531 30,147 10,384 34.44 Gross Profit 17,223 14,118 3,105 21.99 Gross profit

บทรายงานและการวิเคราะห์ของฝ่ายบริหาร Management Discussion and Analysis For the Financial Result of Quarter 2 Year 2018 Ended June 30, 2018 Note: This Management Discussion and Analysis (MD&A) was

Ref. PDI/BK-BS-076/2018 7th November 2018 Re: Management Discussion and Analysis (MD&A) For the three-month and nine-month periods ended September 30, 2018 To: President The Stock Exchange of

บทรายงานและการวิเคราะห์ของฝ่ายบริหาร Management Discussion and Analysis For the Financial Result of Quarter 3 Year 2018 Ended September 30, 2018 Note: This Management Discussion and Analysis (MD&A

บทรายงานและการวิเคราะห์ของฝ่ายบริหาร Management Discussion and Analysis For the Financial Result of Quarter 2 Year 2020 Ended June 30, 2020 Note: This Management Discussion and Analysis (MD&A) was

12.0% in 9M/2022 due to the increase in sales revenue and the ability of the Company to manage cost efficiently. N E T P R O F I T a n d N E T P R O F I T M A R G I N : Financial Performance Management

management, such as, the  issuance and offering of securities, the Know Your Client process, the securities registration process, as well as the  trading and  clearing and settlement process. Furthermore

MD&A Q2Y2019 (E) - 07.8.19 RATCH Group Public Company Limited Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2019 Management Discussion and Analysis For

26 February 2020 Subject : Management Discussion and Analysis for 2019 To : Director and the President, The stock Exchange of Thailand Yggdrazil Group Public Company Limited (“Company”) would like to