of Thailand Management Discussion & Analysis ( - translation - ) For operating result of 2Q18, ended 30 June 2018 Raimon Land Public Company Limited | 9 August 2018 2 / 4 2Q18 Financial Highlight

different types of risk factors into different subsections. 3. In case of offering for sales of unusually risky debt securities, highlight the riskiness of securities on the cover page. IV. MARKETS A

company, while the company still has improved on the inventory cost management as well as sales mix management in each product category efficiently, and strictly controlled on the selling and administrative

Baht 713.88 million decreased by Baht 185.73 million, or 20.65% from the previous year, mainly from the decrease of sale amount and better cost controlled. 3. The Company’ s selling and administrative

well as sales mix management in each product category efficiently, and strictly controlled on the selling and administrative expenses. For the six-month period ended June 30, 2018 Jubilee Enterprise

, mainly from the branches decreased and better cost controlled. 4. The company’ s financial cost in the second quarter of 2018 were Baht 2 .3 million decreased by Baht 0 .9 1 million, or 2 8 .2 1 % from the

“Risk Factors” and separate different types of risk factors into different subsections. 3. In case of offering for sales of unusually risky debt securities, highlight the riskiness of securities on the

sales of the company, while the company still has improved on the inventory cost management as well as sales mix management in each product category efficiently, and strictly controlled on the selling and

million or 14.0 percent as the company still has improved on the inventory cost management as well as sales mix management in each product category efficiently, and strictly controlled on the selling and

debt securities, highlight the riskiness of securities on the cover page. IV. MARKETS A. Identity of Exchanges and Regulated Markets. Identify all the exchanges and/or regulated markets on which the debt