) 1,250,000 equity shares with a par value of INR 10 per share and (2) 3,500,000 redeemable non-cumulative preference shares with a par value of INR 10. Paid-up Capital: SAAPL has a paid-up capital of INR

SG&A expenses did not increase significantly. Management Discussion & Analysis Q3/2019 Q3/2019 Significant Events More Pop-Up Stores have been set up to increase accessibility to customers After

to the SET. Furthermore, the Board of Directors’ Meeting has approved as one of the conditions precedent under the Equity Purchase Agreement that the companies related to the Target Group Hotels and

liabilities 4,058.16 3,116.90 Paid-up share capital 515.00 1,850.00 Premium on ordinary shares - 1,722.87 Retained earnings (loss) (81.40) (77.25) Other components of shareholder’ equity (44.87) (83.51) Total

- - Total liabilities - - Shareholder's Equity Issued and paid-up share capital 2,393,600.00 1,700,000,000.00 Unappropriated retained earning (995,419.93) (706,974,379.00) Total shareholders' equity

Thailand Sustainability Investment 4/ Thailand Sustainability Investment n/a Ranking by Industry Business 4/ Business 1. The company provides electronic payment service through "Termsabuy Plus" top-up

Thailand Sustainability Investment 4/ Thailand Sustainability Investment n/a Ranking by Industry Business 4/ Market/Industry/Sector Change Effective Date 02/07/2015 Previous Market/Industry/Sector SET

assets 4,446.89 6,529.01 Total liabilities 4,058.16 3,116.90 Shareholders’ equity 388.73 3,412.11 Paid-up capital 515.00 1,850.00 Total revenue 0.02 75.55 Net profit (126.27) (77.25) Remarks: 1. As of 31

-restructuring)2 Total assets 4,446.89 6,529.01 Total liabilities 4,058.16 3,116.90 Shareholders’ equity 388.73 3,412.11 Paid-up capital 515.00 1,850.00 Total revenue 0.02 75.55 Net profit (126.27) (77.25) Remarks

Page 1 of 4 No. RJH – SET 7/2020 11 May 2020 Subject : Management’s Discussion and Analysis for the First Quarter of 2020 To : The President The Stock Exchange of Thailand Rajthanee Hospital Public