loss of THB 66.5mn in 3Q18. Net profit per share in 3Q19 was THB 0.01. Management Discussion and Analysis ( - translation - ) For operating result of 3Q19, ended 30 September 2019 Raimon Land Plc. | 14

profit per share in 2019 was 0.019. In 4Q/2019 the Company had consolidated net loss of THB 129.0mn, a decrease of THB 233.0mn, or 224.0% YoY from net profit of THB 104.0mn in 4Q/2018. Net loss per share

quarter last year. Meanwhile, imports of Hot Rolled Steel decreased by 14% and Domestic Production increased on 11.5% compared to same period last year. To regain the market share and reduce imports, the

share (Baht/Share) 0.21 0.22 (0.01) (5.1) 0.28 0.26 0.02 7.8 In the year 2019, The total revenue from the Company and its subsidiary was Baht 1,648 million which increased from the previous year Baht 37

% Finance cost 18.41 36.80 18.39 99.89% Income tax expenses 22.21 28.27 6.06 27.29% Net profit 80.50 95.26 14.76 18.34% Net profit ratio (ROS) 18.98% 20.67% Earnings per share (Baht) 0.13 0.16 0.03 23.08

31.3 Total liabilities 3,068.5 3,352.1 (283.6) (8.5) Issued and paid-up share capital 5,088.0 5,088.0 - - Share Premium 3,896.0 3,896.0 - - Retained earnings - Unappropriated 2,425.5 1,831.9 593.6 32.4

liabilities 109.2 68.7 40.5 59.0 Total liabilities 3,507.9 3,352.1 155.8 4.6 Issued and paid-up share capital 5,088.0 5,088.0 - - Share Premium 3,896.0 3,896.0 - - Retained earnings - Unappropriated 2,370.0

216.9 Derivative liabilities 0.3 - 0.3 N.A. (>100) Other liabilities 77.3 68.7 8.6 12.5 Total liabilities 4,589.1 3,352.1 1,237.0 36.9 Issued and paid-up share capital 5,088.0 5,088.0 - - Share Premium

digitalizing channels and operational processes to gain fair market share and expand our scale in respective businesses.  Mobile revenue to gradually rebound –AIS aims to lead with 5G service emphasizing on

and enhancing retention program as well as digitalizing channels and operational processes to gain fair market share and expand our scale in respective businesses.  Mobile revenue to continue under