received from the capital increase to partially repay the loan that the Company borrowed from a financial institution to make a tender offer for all shares in Thai British Security Printing Public Company

Company will utilize the proceeds received from the capital increase to partially or fully repay the loan that the Company borrowed from a financial institution to make a tender offer for all shares in Thai

) Loan payment, which At-Ze borrowed from the Company to pay the director back money it owes to the director as Seller’s connected person in the amount of THB 125 million at the share sale and purchase

part of remuneration on purchase such ordinary share. 2) Loan payment, which At-Ze borrowed from the Company to pay the director back money it owes to the director as Seller’s connected person in the

) Loan payment, which At-Ze borrowed from the Company to pay the director back money it owes to the director Mr. Thanawis Pisutthanan in the amount of THB 125 million at the share sale and purchase date on

2018 Raimon Land Public Company Limited | 27 February 2019 4 / 5 Financial Cost Most of financial cost resulted from loan interest borrowed to develop projects, which are capitalized as development costs

loan interest borrowed to develop projects, which are capitalized as development costs for respective projects till construction completion. Thereafter, such interest costs will be amortized as finance

above, the company had few increase in financial cost for the solar energy unit 0.44 million baht. It was since the company borrowed money for the solar energy unit in Q1/2017, not a full year. Financial

year.  Financial Cost   Most of financial cost resulted from loan interest on loans borrowed to develop projects, which are capitalized as development costs for the projects until construction completion

from financial institutions increased as the company borrowed for the payment in purchasing ordinary shares of the Thai Marble Corp., Ltd. Shareholder equity was not significantly different from 2019