[COMPANY NAME] Ref.: EFORL IR008/2019 March 7, 2019 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2018 To President The Stock Exchange of Thailand 1. Overview financial

income from the decreasing number of tourists but expenses cannot be reduced in proportion to the reduction in income. This is because the regular expenses of the company are fixed expenses such as animal

which are fixed cost still exist and not variable to the income such as animal feed, utilities, water-electricity bill. Therefore, the company has managed to reduce some unnecessary expenses during the

from the same period of last year at 16.83% due to the declining in sales but the Company still had fixed cost. Moreover, the depreciation was higher from machine acquisition and plant and equipment

on a year-on-year basis was attributable to the Company having fixed administrative expenses effecting the revenue. โรงพยาบาลราชพฤกษ ์ บริษทั โรงพยาบาลราชพฤกษ ์จ ากดั (มหาชน) Ratchaphruek Hospital

margin in Q3/2020 was 14.13%, compared to gross profit margin of 35.50% in Q3/2019. It was due to lower sales revenue while the company having labor cost which is fixed cost. In addition, the company had

was attributable to the Company has some fixed costs that unchanged irrespective of the revenue. Distribution costs The Company booked distribution costs amounting to Baht 1.87 million and Baht 2.82

overall plastic automotive part market but the Company has fixed cost for new model of painting segment preparation. Please be informed accordingly Sincerely yours (Mrs. Prim Chaiyawat) Company’s Secretary

packaging and automotive market deem to be dropped in quarter 2, but the Company still have fixed expenses, especially in order to prepare resource for new model of painting segment. Please be informed

%, increased from the gross loss margin of 6.10% in 2Q2023. This is mainly due to the increase in services income while most of the related costs are employee costs which are fixed costs. In 6M2024, the Company