วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 009/2018/EN 16 May 2018 Subject: Management Discussion and Analysis of the Company and subsidiary for the period ended 31 March 2018 To: The President of the

) B.E. 2551 (2008) hereby issues the following regulations: Clause 1. In this Notification: (1) the term “company,” “parent company,” “subsidiary company,” “major shareholder,” and “controlling person

(2008) hereby issues the following regulations: Clause 1. In this Notification: (1) the term “company,” “parent company,” “subsidiary company,” “major shareholder,” and “controlling person” shall mutatis

and Exchange Act (No. 4) B.E. 2551 (2008) hereby issues the following regulations: Clause 1. In this Notification: (1) the term “company,” “parent company,” “subsidiary company,” “major shareholder

linked to tourism and the export sector. In contrast, consumer spending in some provinces linked to the agricultural sector continued to decelerate in line with lower farm income due to the low price of

sales were in line with plan. 1Q19 sales was Baht 238.99 million, decreased by 8.73% YoY. Since domestic consumption in 1Q19 was declining, the Company reacted by arranged more promotion especially the

Expenses Summary of the Operating Result as ended 31 March 2020 Construction Income In the 1st quarter of 2020, the company and its subsidiaries gained the construction income of Baht 28.97 million whereas

Page 1 of 8 Singha Estate Public Company Limited Management Discussion and Analysis 3Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 9M19 total revenue of THB

28.6%, which increased from the GPM of 20.4% in 1Q/18 due to the transfer revenue was mainly from new project recently developed by the Company therefore, the margin is in line with the industry standard

under various potential sales reduction scenarios. The Company expanded a short-term credit line and a short-term loan was drawn down during the first quarter to meet payment obligations. In the second