Page 1 of 4 No. RJH – SET 8/2019 13 May 2019 Subject : Management’s Discussion and Analysis for the First Quarter of 2019 To : The President The Stock Exchange of Thailand Rajthanee Hospital Public

and Analysis Quarterly Ending September 30, 2018 To : The President The Stock Exchange of Thailand The Board of Directors meeting of Ratchaphruek Hospital Public Company Limited (the Company) No. 4/2018

referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business

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