Disposal of Assets Transaction, and Acquisition of Assets Transaction To : Director and Manager The Stock Exchange of Thailand Enclosure Information Memorandum on Acquisition of Assets (Schedule (1)) of

Intermediaries _____________________________ By virtue of Section 16/6 and Section 113 of the Securities and Exchange Act B.E. 2535 (1992) as amended by the Securities and Exchange Act (No. 4) B.E. 2551 (2008

statement, Approval of the disposition of shares in subsidiary and Appointment of new director replacing resigned director To: The President, The Stocks Exchange of Thailand The Board of Directors’ Meeting of

Microsoft Word - letY17EMD&A .doc (Translation) 23rd February 2018 Subject: Management Discussion and Analysis (MD&A) of year 2017 To: Managing Director of the Stock Exchange of Thailand Business

Fund under HK-TH MRF with the Securities and Exchange Commission of Thailand (SEC). 1.2 Approval rules The Hong Kong Covered Management Company and the Hong Kong Covered Fund under HK-TH MRF shall have

exchange and laws on public limited companies. The Company may offer to sell shares at a price higher than the registered value, provided that the Company shall allocate all proceeds in excess of the value

the laws on securities and exchange and laws on public limited companies. The Company may offer to sell shares at a price higher than the registered value, provided that the Company shall allocate all

such index shall comprising only (i) securities listed on foreign exchange which is a member of WFE; or (ii) debt instruments with an organised secondary market; Gold price; Index comprising or relating

in March 2019. • Electricity price sales to EGAT increased 7.6% y-on-y in Q2’2019 and 10.2% y-on-y in 6M’2019 to 3.24 Baht/kWh because the energy payment is generally adjusted to reflect changes in

bond allowing the bondholder to convert bond to the Company’s stock at the adjusted conversion price at THB 4.40 per share. Page 2 of 11 Singha Estate Public Company Limited Management Discussion and