. Essentially, the Company’s gross profit margin significantly increased from 33% in 2Q18 to 42% in 2Q19, representing higher gross profit margin from Residential business and Hospitality business. Selling

contracted. In 1Q2020, hospitality business of Singha Estate Public Company Limited (“the Company”) was also significantly impacted by COVID-19. Essentially, government announced the lockdown measure to

due to the appreciating US Dollar, after the FED raised interest rate 4 times during 2018 to the level between 2.25 to 2.50%, essentially dwindling crude oil demand from importing countries. Average

added to U City’s office building portfolio. The building has an NFA of 16,115 sqm and end of March 2018 occupancy rate of 99.7%. U City’s office building portfolio was essentially fully occupied

Net profit reached THB 293m or 13% improvement from the same period last year. Essentially, both Residential business and Hospitality business attributed to such increment. Financial Position and

City’s office building portfolio was essentially fully occupied. RESIDENTIAL SEGMENT JV WITH SANSIRI PROJECTS EXPECTED TO TRANSFER IN 2018 JV WITH SANSIRI TOTAL PRESALES BACKLOG (THB mn) PROJECT PRESALES

over this renovation period. As of 3Q 2018, U City’s office building portfolio was essentially fully occupied on a blended basis. Please note that the methodology for calculating NFA has been altered for

with the fact that the company pegged its retail price in April during the long holiday to support domestic commute, essentially lowering retail marketing margin 3. As of Q2/2018, the total number of BCP

III whereas the limited partners are essentially financial investors in SSG III who have no involvement with the operations of SSG III and do not have any relationship with the Company which would led

partners (98.36 percent) and SSG GP (1.64 percent). SSG GP is the general partner who has operational control over SSG III whereas the limited partners are essentially financial investors in SSG III who have