.  Electricity price sales to IU in Vietnam decreased 5.6% y-on-y and increased 0.9% q-on-q (2.35 Baht/KWh in 6M’2018 / 2.36 Baht/KWh in Q2’2018), primarily due to a decrease or increase in the prevailing retail

Increase/(Decrease) Baht million Baht million Baht million % Revenue from Sales and Services 388.0 422.0 34.0 8.8 - Operating Revenue1 377.6 420.6 43.0 11.4 - Other Income from Utilities Business2 10.4 1.4

Page 1 of 5 Performance Overview In 1Q18 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a 7% YoY decrease in total revenues, mainly from a drop of revenues from

) Total Liabilities Total liability as of December 31, 2018 was 106.34 mb, a decrease of 5.33 mb or 4.8%. The decline is due to the quicker payment to supplier and financial leasing. (c) Shareholders

due to the decrease in Chinese tourists, there was impact from closed partial hotel’s area for renovation Ibis Styles Chiangmai Hotel in the third quarter of 2019 and the smoke pollution crisis in

and other receivables of Baht 24.08 million, with a decrease in inventories of Baht 3.81 million. Liabilities Total liabilities of the Company and its subsidiaries were Baht 60 .1 3 million as at

profit margin of 24.5%, a decrease compared to last year at 29.2% and representing earnings per share of Bt1.47. Table summarized the operating results of the Group (unit : Bt million) Page 3 of 6 1.1

16.50% compared to the revenue of 2018, mainly due to the decrease in Chinese tourists, there was impact from closed partial hotel’s area for renovation Ibis Styles Chiangmai Hotel in the third quarter of

an increase in trade and other receivables of Baht 24.08 million, with a decrease in inventories of Baht 3.81 million. Liabilities Total liabilities of the Company and its subsidiaries were Baht 60 .1

equivalents of Baht 310.20 million derived from initial public offering ( IPO) of newly issued shares and an increase in trade and other receivables of Baht 24.08 million, with a decrease in inventories of Baht