คำอธิบายและวิเคราะห์งบการเงินรายไตรมาส สำหรับไตรมาสที่ 3 ปี 2545 Management Discussion and Analysis For the 1st Quarter 2019 ended May 31, 2019 AEON Thana Sinsap (Thailand) Public Company Limited

Management Discussion and Analysis for the 2nd Quarter 2019 Ended August 31, 2019 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed

of the year 2018 which was Baht 156.18 million for Baht 14.32 million or -9.2% due to decrease in employees and management benefits and reward of subsidiaries as significant. Finance costs Finance

Interest bearing debt to equity ratio 1.01 0.82 Debt to equity ratio 1.15 0.99 (million) As at September 30, 2018 As at December 31, 2017 increase (decrease) 4 Assets As at September 30, 2018, the Company

(35.78) (1.88%) EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2017 EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY

agreements and booking 3 Calculated from interest-bearing debt net of cash and cash equivalents 4 Including rental and service income, marketing commission income, project management fee, interest, and others

Calculated from interest-bearing debt net of cash and cash equivalents Management Discussion & Analysis ( - translation - ) For operating result of 1Q/19, ended 31 March 2019 Raimon Land Public Company Limited

of 2018 = 4,220.99 million Baht EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR 2018 Proportion of revenues and cost Raw water

portion) 164 83 Long term debt (Non-current portion) 823 1,304 Debentures (Non-current portion) 1,835 1,166 Cash & Cash under management 348 209 Cash and cash equivalents 343 210 Current investments and

1 Forth Smart Service Public Company Limited (FSMART) 3Q18 Management Discussion and Analysis Operational Summary 9M18 Operational Summary  Total revenue from core business was Bt2,523mn, increasing