payment period with customer around 30 days to 45 days. o Contract assets (Unbilled receivables) totaling of Baht 518.21 Million. Reduced of Baht 46.67 Million, compared with last year. As a result of some

provide Management Discussion and Analysis for the year ended 2019 as follows: Overview of the operating result for 2019 The company’s total revenue for year ended 2019 was THB 196.60 million, increased by

28% 0.36 0.26 0.10 38% Note: The new financial reporting standards were reflected in company’s result of 2020 2 / 5 • Due to COVID 19, revenue increased 3% from rice business and dividend received for

derived from the following reasons: 1. Engineering service (“EN”) had a decrease in gross profit for Baht (94.87) million as the following reasons: 1.1 Cost incurred from the delay under the contract

2019 (under a Co-Management Contract pursuant to the SEC Notification : Approval of Co- Management Contract of a Securities Company No. Or Thor/Nor 9/2541), be approved. (See Attachment 1) 3. That the

) received assistance from the persons under (4) ? (7) in jointly arranging for a subsidiary company of TRITN, Splash Media Public Company Limited*  (SPM), to enter a five-year rental contract for three

) (MB) % Cash and cash equivalents 1,582.2 1,952.2 (370.0) (19.0) Trade and other receivables 2,067.4 1,960.3 107.1 5.5 Contract assets 1,379.7 905.4 474.3 52.4 -3- Assets Items that has significant

mentioned projects were high in value but relatively low in gross profit due to high competition. As the result, the decreased rate of the revenues from sales, services and construction contract was higher

operation in GS. The area under the water supply contract has high water requirements. This area is full of the community, tourist attraction, and industrial factory which currently suffers from the shortage

Management Discussion & Analysis ( - translation - ) For operating result of 1Q/19, ended 31 March 2019 Raimon Land Public Company Limited | 9 May 2019 1 / 6 Major Events in Q1/19 and April 2019