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

to KPSG in order to acquire all of KPPH’s shareholding, and KPPH shall become 100% owned subsidiary of CCPH upon completion. Purpose of Amendment To reduce potential taxable risks from Philippines side

completion of work carried over from 2020 have already delivered. Furthermore, the quantity of new work delivered in during nine months was less than the amount carried forward, therefore the contract assets

Thailand. After the transaction’s completion, CRSB will hold NDR’s ordinary shares for 20.31% of paid representative, Mr. Dato’ Marco Low Peng Kiat (“Dato’ Marco Low”), to be NDR’s director. In addition, the

Thailand. After the transaction’s completion, CRSB will hold NDR’s ordinary shares for 20.31% of paid representative, Mr. Dato’ Marco Low Peng Kiat (“Dato’ Marco Low”), to be NDR’s director. In addition, the

course and evidence of attendance of the Contacts to be presented to the Office following completion of the training or seminar or upon the Office’s request. In this regard, the Office may request the

course and evidence of attendance of the Contacts to be presented to the Office following completion of the training or seminar or upon the Office’s request. In this regard, the Office may request the

course and evidence of attendance of the Contacts to be presented to the Office following completion of the training or seminar or upon the Office’s request. In this regard, the Office may request the

DCORP 023/2018 February 28, 2018 Subject: Report on the overall operation for year 2017 ended December 31, 2017 and the decrease in the overall operation more than 20 percent. Attention: President Stock

DCORP 024/2018 March 2, 2018 Subject: Report on the overall operation for year 2017 ended December 31, 2017 and the decrease in the overall operation more than 20 percent. (Revised) Attention: President