Management Discussion & Analysis ( - translation - ) For operating result of 1Q/2020, ended 31 March 2020 Raimon Land Plc. | 14 May 2020 1 / 6 Major Events in Q1/2020 January 1) Begin to adopt the

on the record of defect and the list of evidentiary documentation. ** The SEC Office will not consider the application or begin the processing period until the applicant has corrected the application

equipment for lease in Q1–2023 increased from Q1-2022 in the amount of 26.1 MB, or an increase by 47. 9% because there are many new equipment rental projects, most of them begin to be rented in the second

and the shareholders structure is as follows. # Shareholder No. of shares % 1 Mrs.Chawpech Pisutthanan 494,400 98.88 2 Mr. Sathit Sengsomwong 2,800 0.56 3 Mr. Thanawis Pisutthanan 2,800 0.56 Total

million, divided into 50,000 ordinary shares , par value THB 100 and the shareholders structure is as follows. # Shareholder No. of shares % 1 Mrs.Chawpech Pisutthanan 494,400 98.88 2 Mr. Sathit Sengsomwong

and an executive of the Company. SUTGH does not have a plan to delist the Company’s shares from the SET, neither a policy to change a management plan, organization structure, or a business financial

) (%) 6.58% 5.92% Capital Structure and Debt Ratio Debt to Equity ratio (time) 0.91 0.84 Debt Service Coverage ratio (DSCR) (time) 2.25 2.21 Note: 1) Gross profit and Net profit were excluded construction

level at which signified reasonable capital structure and low financial risk. Breakdown of major liabilities Return on equity As at 31 December 2018, shareholders' equity amounted to 33,941 million baht

million baht. Details of each business can be described as follows: Revenue Structure 9M/2019 - Credit Card For the first nine months of 2019, credit cards turnover accounted 63% of total turnovers with

decrease of 9.2% from 2018 and 4.4% from 2017 respectively. The Debt to Equity ratio of 0.40 times in 2019, a drop from 0.42 in 2018 and 2017, is at a level signifying reasonable capital structure and low