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

- Translation - Page 1 of 6 CBG 042/2017 11 August 2017 Subject Management discussions and analysis for the 3-month and 6-month periods ending 30 June 2017 To President The Stock Exchange of Thailand

- Translation - Page 1 of 6 CBG 042/2017 11 August 2017 Subject Payment of interim dividend and management discussions and analysis for the 3-month and 6-month periods ending 30 June 2017 To

- Translation - Page 1 of 6 CBG 052/2017 14 November 2017 Subject Management discussions and analysis for the 3-month and 9-month periods ending 30 September 2017 To President The Stock Exchange of

ordinary shares on the Stock Exchange Of Thailand (the “SET”) (the “Spin-Off Plan”). The proceeds of which will be used for the purpose of financial and business restructuring, business expansion and working

% , compared to 4.9% in 2017.  Depreciation and amortization was Bt33,282mn, increasing 12% YoY due to network expansion of both mobile and fixed broadband as well as the newly acquired 1800MHz license

Comprehensive Income (Consolidated) for the Third Quarter and the First Nine Months of 2023 and 2022 Management Discussion & Analysis Q3/2023 1 I 10 Branches upcountry 85% Bangkok and vicinity 15% Revenue

buildings. The expansion of branches, the development and improvement of store management, and the various sales promotion campaigns has led to BCR to increase revenue by 34% YoY and recorded a rise in EBITDA

% and 13% YoY, respectively. • Fixed broadband revenue was Bt8,436mn, increasing 21%YoY due to strong subscriber growth from working and studying from home combined with effective churn management despite

Dusit Thani PLC Management Discussion and Analysis For 1Q20 P a g e | 1 Executive Summary Due to the COVID-19 pandemic, Thailand and many countries in the world have issued the preventive measures