ending cash of THB 896.0mn as of 31 December 2018. Cash flows movement in 2018 ……………………………………………………….. ( Sataporn Amornvorapak ) Director and Company Secretary 6 Calculated from interest-bearing debt net

Management Discussion & Analysis ( - translation - ) For operating result of 1Q/19, ended 31 March 2019 Raimon Land Public Company Limited | 9 May 2019 6 / 6 Cash flows movement in 1Q/19

Increase (Decrease) % Total assets 363.57 379.77 (16.20) (4.27) Total liabilities 92.87 98.80 (5.93) (6.00) Total shareholders’ equity 270.71 280.97 (10.26) (3.65) Significant movement of assets, liabilities

’ equity 270.74 280.97 (10.23) (3.64) Significant movement of assets, liabilities and shareholders’ equity as at September 30, 2019, compared to the balance as at December 31, 2018 are as follows: 2.1 Asset

. Chart of world crude steel production monthly, ending 31 March 2020 Source: World Steel Association The main raw materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e

in order to limit the movement of people, therefore, it resulted to the decrease in revenue from main business which affected in the traveling trips especially in April 2020. However, on May 3, 2020

& Analysis ( - translation - ) For operating result of 1Q/2020, ended 31 March 2020 Raimon Land Plc. | 14 May 2020 6 / 6 Cash flow movement in Q1/2020 ……………………………………………………….. ( Sataporn Amornvorapak ) Director

Power Plants business unit in the amount of THB 219.20 million due to THB 69.76 million of movement of net working capital in Q2-2020 and THB 149.44 million of additional adjustment of book value of the

stable. The SET index is significant increase after that period. Page 26/40 SET Index Movement and Period of Screening Page 27/40 Sample Selection and Screening Page 28/40 Research Outcome Process • Test

focus from various stakeholders. Leading & significant future trends Environment, Social and Governance (ESG) Movement & agenda Dematerialized world – the rise of Intangible capital 3 Increasing