Management Discussion and Analysis For the Financial Result of Quarter 3 Year 2017 Ended Semtember 30, 2017 Note: This Management Discussion and Analysis (MD&A) was made to disclose information and

บทรายงานและการวิเคราะห์ของฝ่ายบริหาร Management Discussion and Analysis For the Financial Result of Quarter 2 Year 2019 Ended June 30, 2019 Note: This Management Discussion and Analysis (MD&A) was

บทรายงานและการวิเคราะห์ของฝ่ายบริหาร Management Discussion and Analysis For the Financial Result of Quarter 3 Year 2020 Ended September 30, 2020 Note: This Management Discussion and Analysis (MD&A

profit margin products.  Gross profit margin from rental and rendering of services also improved, as a result of the improved occupancy rates.  In Q3/2019, the Company has opened several new stores

analysis of consolidated financial position as at 30 June 2017 ..................................................................... 3 The analysis of operating result for six months

problem as improve from the government measure, such as ameliorate cost of living. In particular, the adjustment to the minimum wage in past. As a result, the 3rd quarter of 2018, the Group's revenue from

Management Discussion and Analysis ( - translation - ) For operating result of 3Q19, ended 30 September 2019 Raimon Land Plc. | 14 November 2019 1 / 7 Major Events in 3Q19 July  Issued unsubordinated

Management Discussion & Analysis ( - translation - ) For operating result of 4Q/2019, ended 31 December 2019 Raimon Land Plc. | 27 February 2020 1 / 7 Major Events in 4Q/2019 and January 2020

could accelerate operations. As a result, the company's revenue slightly lower than those in 2 0 2 1 , only decreased by 4. 4% . Most of the company's revenue recognized in 2022 such as the Project of

selling. As a result, the number of projects will increase from year 2022 and the overall gross profit margin of year 2023 decrease slightly. This is because the number of projects in the market is quite