) 192 196 388 189 0 189 HRC Production Volume (k tons) 178 204 382 183 0 183 HRC Average Selling Price (THB/ton) 20,810 21,071 20,942 18,695 0 18,695 1st Quarter 2018 1st Quarter 2017 - Increasing of HRC

’ equity from dividend payment and treasury stock. Return on Asset stood at 13.6% which increased from 1Q18. This resulted of more effective management. Return on Equity stood at 44.4%, increasing from 1Q18

’ equity from dividend payment and treasury stock. Return on Asset stood at 13.6% which increased from 1Q18. This resulted of more effective management. Return on Equity stood at 44.4%, increasing from 1Q18

the one- time expense, normalized EBITDA in 2Q19 was Bt19,753mn, increasing 4% YoY and 4. 5% QoQ, while normalized net profit was Bt8,234mn, increasing 2.9% YoY and 8. 1% QoQ. In conclusion for 1H19

. Huaykwang, Bangkok  10310  F + 66 (2) 6452828,  + 66 (2) 6452829  VAT ID  0107538000151     Thailand W www.wiik‐hoeglund.com    No. LWH/ACC 19/08/LT095 August 9, 2019 Subject: Management discussion and

แบบแสดงรายการข้อมูลสำหรับการเสนอขายหลักทรัพย์ Ratchthani Leasing Public Company Limited February 20, 2019 Subject : Management Discussion and Analysis for the year ended 31 December 2018 (Audited) To

1 - TRANSLATION - VS/PC (Q-Con) 004/2018 February 1st , 2018. Attention Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis for year 2017 Quality

แบบแสดงรายการข้อมูลสำหรับการเสนอขายหลักทรัพย์ Ratchthani Leasing Public Company Limited January 21, 2019 Subject : Management Discussion and Analysis for the year ended 31 December 2018 (Unaudited

last year. Cost of goods sold and services increased in portion of increasing revenue but expenses were increasing in portion less than revenue. Selling and admin Expense decreased 19.09% cause from

mobile ARPU improvement as well as an increasing number of fixed broadband customers. Sales revenue was Bt7,488mn, a decrease 9.9% YoY from softened competition but rose 49% QoQ due to seasonality. Sales