strength as well as effort to maintain monetary return in the eyes of shareholders. Page 3 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 The Company has adopted

million as a result of the company transferred Short-term Investment in order to maintain liquidity Other Current Financial Assets increased by THB 120 million due to the reclassification of the investment

Application To support the growth in online channels effectively, the Company implemented 2 main strategies aiming at improving customers’ brand loyalty through After You application as follows: 1. Maintain

Equivalent increased by THB 16 million mainly due to the conversion of other current financial assets into cash in order to maintain the Company’s liquidity. • Land, Property and Equipment decreased by THB 42

to weak spending affecting mobile operators to maintain offering low-unlimited plans to keep their customer base. In addition, as mobile operators have attempted to increase their 5G adoption, there

maintain under the terms (if any)3 Payment Default History No Yes If yes, please explain 2 Specify the calculation formula for ICR and DSCR. 3 Specify the conditions for maintaining the financial ratio under

) the auditor cannot make rectification to maintain qualifications under Clause 23 within the time period specified by such clause; (5) in cases where any auditor attached to an audit firm which does not

evidentiary documentation that demonstrates facts representing such reasonable ground for entering into such transaction and an opinion on the appropriateness for every such transaction, and maintain the

launch in the fourth quarter of 2024. Overall, the company continues to maintain steady growth in both sales and profits. 2. Significant events and developments The company has a total of 1 1 5 branches

person who is assigned by the board of directors to be the highest level responsible person in the management of a company. “ head of department ” means a person responsible for the work in the