(“The Company”) would like to submit the Management Discussion and Analysis of the Company’s operation for the three-month period ended 30 September 2018 with details as follows: Unit: Million Baht

last year the Company had loss on temporary investment 8.5 MB, while the current year has loss on temporary investment 48.1 MB. Nevertheless, the Company had efficiency operation 46.2 MB. Please be

, because of decreased of profit from operation before changes in operating assets and liabilities by Baht 1,134.0 million, increased of operating assets Baht 362.3 million and increased of operating

expected to resume operation from new replacement machines within the fiscal year 2019. Liabilities Total liabilities as at the end of September 2018 was Baht 3,690 million, comprised of interest bearing

transaction value Calculation Criteria Calculation Transaction size Account Value of the Tangible Asset Not qualified - Net Profits from Usual Operation Not qualified - Total Value of Consideration Paid THB

6.22 percent of authorized and paid-up share capital as at 3 December 2018. 5. Source of Fund Operating cash flow of the company and shall not impact core business operation. 6. Interested Director The

(46%) (33%) 3,175 3,359 6% Gross profit margin* (%) 27% 24% 22% (2%) (5%) 24% 26% 2% Net profit margin (%) 15% 13% 8% (5%) (7%) 16% 14% (2%) * Exclude costs of depreciation and amortization 1 Operation

from the public and represent rights to holders to participate in pooled benefits from pooled contributions which are collectively managed where investors have no control over day-to-day operation, but

กรรมการหรือคณะกรรมการท่ีไดรั้บมอบหมาย ซ่ึงมีความเป็นอิสระจากฝ่ายบริหารจดัการ อยา่งไรก็ดี กรณีการตรวจสอบ/สอบทานในลกัษณะ day to day operation คณะกรรมการอาจมอบหมายให้ รายงานต่อผูบ้ริหารระดบัสูงภายใตแ้นวทางท่ี

book closing date ** from receiving report 6. The Expected benefits to the company Thonburi Healthcare Group PLC. has operated the main business operation is a private hospital. The first hospital named