million baht or 14.59 percent, as a result, the Group's gross profit increased by 19.09 million baht or 18.50 percent. Since in the year 2019, there are increased operating results, in comparison to the

reviewed the 2 nd quarter financial statements as of August 31, 2018 which were reviewed by Deloitte Touche Tohmatsu Jaiyos Audit Company Limited. The operating performance is summarized as follows. Overview

Financial Statements 3Q'18 3Q'17 % Change YTD 2018 YTD 2017 % Change Revenue from Sales and Services 443.4 406.2 9.2% 1,288.9 1,199.6 7.4% - Operating Revenue1 423.9 404.2 4.9% 1,264.9 1,165.5 8.5% - Other

which increased by 4.0 percent and 24.8 percent respectively. The unallocated revenue was mainly consisting of dividend received from investment in BDMS during the period. Nevertheless, the operating

Page 1 of 7 Management Discussion and Analysis 2018 Executive Summary The operating result of 2018, Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reached total revenue of

1st quarter financial statements as of May 31, 2022 which were reviewed by Deloitte Touche Tohmatsu Jaiyos Audit Company Limited. The operating performance is summarized are as follows. Overview

of August 31, 2022 which were reviewed by Deloitte Touche Tohmatsu Jaiyos Audit Company Limited. The operating performance is summarized are as follows. Overview According to the Bank of Thailand and

1Q/2023 financial statements as of May 31, 2023 which were reviewed by Deloitte Touche Tohmatsu Jaiyos Audit Company Limited. The operating performance is summarized as follows. Overview According to

Operating Results 1. Organizational structure and operation of the group of companies 3 2. Risk management 12 3. Business sustainability development 13 4. Management discussion and analysis (MD&A) 17 5

Classification : ใชภ้ายใน (Internal) Table of Contents Page Part 1: Business Operation and Operating Results 1. Organizational structure and operation of the group of companies 3 2. Risk management 12 3. Business