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

million, the net profit of the Company and its subsidiaries stood at Baht 143.59 million. When comparing to the profit before interest and tax and the net profit of the same period of the previous year

(the debtor), at the price of 100,000,000.00 Baht. The total amount of purchase is 126,809,661.99 Baht. VON is a company incorporated under the Thai Law in the Energy Sector. The registered address is

subsidiary, V. O. Solar Company Limited (“V Solar”). The agreed purchase price is 26,809,661.99 Baht and a transfer of debt that IFEC, who is the creditor of 100,097,457.53 Baht, owed by VON (the debtor), at

Unit: million Baht 31 March 2019 31 December 2018 Fin an cia l St at us Total Liabilities 4,359 5,607 Total Asset 17,144 18,824 Total Equity 12,785 13,218 The Company’s Operating results during the

Expenses The Company had the selling and administrative expenses for financial statement in Quarter 1/2018 was recorded at 7.85 Million Baht, a decreased from the same period last year by approximately 0.42

Expenses The Company had the selling and administrative expenses for financial statement in Year 2018 was recorded at 36.83 Million Baht, a increased from the same period last year by approximately 3.05

in the same direction with the sales revenue. Selling and Administrative Expenses The Company had the selling and administrative expenses for financial statement in Quarter 3/2019 was recorded at 9.69

Company had the selling and administrative expenses for financial statement in Year 2019 was recorded at 41.90 Million Baht, a increased from the same period last year by approximately 8.35 Million Baht

-month period at the ended of 30 June 2017 as follows. Operational Performance The company reported total revenues in Q2/2017 at THB 120.96 million, an increase by THB 7.87 million or 6.96% from the same