(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on March 31, 2020 1 Significant events in the first quarter of the year 2020

Management Discussion & Analysis ( - translation - ) For operating result of 1Q/2020, ended 31 March 2020 Raimon Land Plc. | 14 May 2020 1 / 6 Major Events in Q1/2020 January 1) Begin to adopt the

loss. 5. Company’s direction in second half year 2020 Overall significant events are as follows. 5.1 KT Medical Services Co., Ltd. operates a Hemodialysis center to patients with chronic kidney disease

24th Anniversary of HomePro and Double Day events on dates such as 9th day of the 9th month etc. Regarding the financial result of subsidiaries in the third quarter, total sales of Mega Home has

from operation loss in Quarter 1’ 2020 5. Company’s direction in 2020 Overall significant events are as follows. 5.1 KT Medical Services Co., Ltd. operates a Hemodialysis center to patients with chronic

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2020 1 Significant events in the third quarter of the year

profit YoY was mainly because there was a (one-time) recognition of an upfront 50-year lease payment of a certain office space at Singha Complex in Q4’2017. Significant Events 1. Transfer of the ESSE Asoke

Events On 27 February 2019, The Company’s Board of Directors approved the initial public offering (the "IPO") of ordinary shares of S Hotels and Resorts Co., Ltd. ("SHR"), and the listing of SHR on the SET

63,393,825. Significant Events Amid sluggish in property market due to the tightening mortgage policy announced by Bank of Thailand took effect on 1 May 2019, neither cancellation nor rejection rate of the

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2019 1 Significant events in the third quarter of the year