the same level, slightly increased. Moreover, there were major overhaul maintenance of Sriracha plant and planned maintenance of IRPC-CP, plus the drop in dividend income from Ratchaburi Power Company

Public Company Limited (“the Company”) reported 1Q2020 total revenue of THB 2,186m, decreased by 27% YoY. The major driver of such decline was 56% drop in revenue from sales of house and condominium due to

of previous year. This was due to (1) Drop of loss on exchange rate of THB 13.90 million due to the fact that the Thai Baht value depreciated against US Dollar and the Company had the foreign trade

spending. Aggressive competition and low customer purchasing power affected mobile revenue (Bt87,653mn) to drop -1.6% YoY. However, fixed broadband revenue (Bt6,146mn) surged 20% YoY driven by expanded

pressured to drop by -3.5% QoQ to Bt216. At the end of 1Q22, 5G subscribers increased to 2.8mn accounting for 6.3% of the subscriber base. AIS Fibre customers continued to surge to 1.87mn subscribers

pressure on mobile revenue resulting in a -0.7% YoY drop, but with a lesser magnitude compared to a drop in 1H21 vs 1H20 of -2.2%. The broadband business continued to be a key engine of growth, growing the

for Biofuel Business, performance declined from crude palm oil price drop which led to inventory loss. In the quarter, the company and its subsidiaries realized inventory loss of THB 1,096 million, and

airline business slightly declined by 0.6 percent from highly intense competition which caused the average fare to drop by 6.0 percent, particularly in Indochina routes. This was a consequence of increasing

business to Bangkok Air Catering Phuket Company Limited, a subsidiary of BAC. Average meal produced for the third quarter and nine-month period of year 2018 drop by 28.7 percent and 23.7 percent respectively

9M19, 43% drop from 9M18 and THB 41m in 3Q19, 65% declined from 3Q18, due mainly to the decrease in revenue from business management service. Page 6 of 8 Singha Estate Public Company Limited Management