Management Discussion and Analysis ( - translation - ) For operating result of 3Q19, ended 30 September 2019 Raimon Land Plc. | 14 November 2019 1 / 7 Major Events in 3Q19 July  Issued unsubordinated

progress came merely from distributing through certain traditional trade and modern trade channels ICUK successfully signed in for listing year to date only. As a consequence, ICUK has reshaped its business

167k cans in the 1st quarter of 2017 to 368k cans in the 2nd quarter of 2017, such progress came merely from distributing through certain traditional trade and modern trade channels ICUK successfully

Company in which the Company holds 100 percent of its shares, which is equivalent to 49 percent of the total shares of One Thonglor, at the offering price totaling THB 177,121,770. In this regard, the said

is lower than in the six-month period of 2015 due to usage of construction costs based on the progress of work. 4. Expenses 4.1 Selling expenses For the six-month period of 2016, selling expenses

the income gained in this current year. Investment project on hand as ended 30 June 2018 The progress of 2 ongoing investment projects are as follows: 1. Water Supply Investment Project for Chiang Mai

becomes bankrupt. However, the case has currently been considered by the Central Bankruptcy Court and the progress will be announced and informed through the Stock Exchange of Thailand on due course. In

12,391 10,868 Average selling price of hot-rolled coil for the year in 2017 increase around 18.54% comparing with last year together with the well manage production of the Company, the Company can generate

President The Stock Exchange of Thailand Takuni Group Public Company Limited (“The Company”) and its subsidiaries (“The Group”) would like to clarify the change in operating result for the period ended 30

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In the first half of 2017, East Water Group had total consolidated sales and services income of 2,249.07 million Baht, increased by 16.36 million Baht or 0.73