assets owned by issuers in the Thai public sectors or businesses established under Thai law, as summarized below:           (1)  Stocks listed on the Stock Exchange of Thailand (SET) and the Market for

market by issuing shares or debt securities that suit the business sector. SEC now allows fund mobilization through crowdfunding, which makes use of digital technology to make the fund mobilization

household purchasing power remained weak. Despite improvements of both farm and nonfarm income, households’ purchasing power is compressed by the high debt burden and the waning confidence regarding

Exchange of Thailand (SET) and to hold the shareholders’ meeting for the ratification of the aforementioned transaction. Moreover, the Company is required to appoint an independent financial advisor to give

expenses, and doubtful debt expenses was 1,253 MTHB, decreased by 342 MTHB or 21% from 2017. This decrement was mainly from the loss on written-off and disposal of plant and equipments and intangible assets

receivables were not yet due. For the corresponding bad debt, the Company and its subsidiary had already set sufficient provision. 3. The Company and its subsidiary had net inventories at the end of 2019

Page 1 of 4 No. RJH – SET 8/2019 13 May 2019 Subject : Management’s Discussion and Analysis for the First Quarter of 2019 To : The President The Stock Exchange of Thailand Rajthanee Hospital Public

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

beginning of the year, depressing farm income and the purchasing power of farm households, which represent a majority of the population. Coupled with high levels of household debt, these factors limited the

risks from internal and external factors such as severe droughts, a rise in unemployment and household debt as well as the global outbreak of the Coronavirus (COVID-19) since early 2020. However, the