Group”) as follow: * Extraordinary items from non-operating, consists of unrealized gain (loss) on exchange rate of receivable under finance lease and gain (loss) on forward contracts. Consolidated

) (185.2%) Adjusted items Net unrealized loss on exchange rate 52.9 3.0% 49.2 4.3% (3.7) (7.0%) Non-recurring items1 - - (419.3) (36.4%) (419.3) - Adjusted EBITDA2 373.6 21.3% (296.8) (25.8%) (670.4) (179.4

% 227% Administrative expenses (1,006) (1,599) 59% (281) (367) (664) 81% 137% Gain (losses) on exchange rate (16) 152 (1,067%) 104 312 (65) (121%) (162%) Fair values adjustment of investment property 3

Page 1 of 4 No. RJH – SET 7/2020 11 May 2020 Subject : Management’s Discussion and Analysis for the First Quarter of 2020 To : The President The Stock Exchange of Thailand Rajthanee Hospital Public

S&P MD&A 2017 -1- Ref. POL. 028/2018 February 23, 2018 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock Exchange of Thailand S & P Syndicate

Exchange of Thailand S & P Syndicate Public Company Limited (the “Company”) and its subsidiaries hereby submit the Annual Financial Statements, ending December 31, 2017 and 2016, together with the

Page 1 of 4 No. RJH – SET 3/2018 26 February 2018 Subject : Management’s Discussion and Analysis for the fourth Quarter of 2017 and year ended December 31, 2017 To : The President The Stock Exchange

165.4 10.2% Net gain (loss) on exchange rate 112.2 (58.6) 37.6 (72.4) (110.0) N.A.(100) Gain (loss) on forward contracts 49.5 (50.8) 8.4 (19.2) (27.6) N.A.(

of Baht 265 million, guaranteeing such debt Phuket FantaSea will pay for land use as collateral for the debentures to Jungle World at the rate of 1.50% of the guarantee amount Throughout the term of

%) 199.1 17.4% 232.4 699.1% Income tax expenses 12.1 1.2% (35.9) (3.1%) (48.0) (397.0%) Profit (loss) of the year (45.3) (4.7%) 235.1 20.5% 280.4 618.5% Adjusted items Net unrealized loss on exchange rate