affected and may be left behind if there is no collaborative effort to address the issues from all sectors. Research by UNDP shows a decline in government budget for biodiversity management over the past

87.3 12,278.6 86.9 (2,244.5) (15.5) Revenues from project management 1,225.9 7.4 918.9 6.5 (307.0) (25.0) Dividend income - - 0.2 0.0 0.2 100.0 Gain from transfer of right for land purchase and sale

Management Company Limited (“DISCOVER”) as an Independent Financial Advisor (IFA) which has been approved by the Securities and Exchange Commission and the Stock Exchange of Thailand Please be informed

“Purchaser”) which is the existing shareholder of Index and resolved to approve the Chief Executive Officer or any person authorized by the Chief Executive Officer to have the power to negotiate and determine

Management Discussion & Analysis ( - translation - ) For operating result of 4Q/18, ended 31 December 2018 Raimon Land Public Company Limited | 27 February 2019 1 / 5 Major Events in Q4/18 and

Sukjaroenkraisri Director / Executive Chairman Director / Chairman of the Executive Committee / Chief Executive Officer / Major Shareholderof14.7 2% 3,881,350 1.55 Mr. Yiem Chundprasit Mr. Yiem Chundprasit Mr. Yiem

Expenses The company’s management cost in the 2nd quarter of 2017 is at 60.5 million baht, 5 percent of the sales revenue, the management cost remains the same as the 2nd quarter of the previous year

    remain the same). In this regard, the Company shall notify if there is any development on this matter. Please be informed accordingly Yours faithfully Mr.Thepchai Sae Yong Chief Executive Officer   F 24-1

No. MVP005/2019 9 May 2019 Subject: Management Discussion and Analysis for the 3-month period ended 31 March 2019 To: President and Manager The Stock Exchange of Thailand M Vision Public Company

No. MVP007/2019 8 August 2019 Subject: Management Discussion and Analysis for the 6-month period ended 30 June 2019 To: President and Manager The Stock Exchange of Thailand M Vision Public Company