disclosed to the public. 09/01/2026 agreed to comply with civil penalties determined by the Civil Penalty Committee as follows :     - a civil monetary penalty of 333,333.33

;  - a compensation of the benefit received from committing the offense in an amount of 450,000.00 Baht     - a civil monetary penalty of 517,500.00 Baht 

November in Singapore. The SEC engaged in various meetings and seminars, including discussions with representatives from the Monetary Authority of Singapore (MAS) to exchange knowledge, experiences, and

receiving appropriate level of protection. AI comprises (1) institutional investor* such as commercial bank, mutual fund, provident fund and (2) investors with high net worth, which means (i) an individual

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

fundamentals which should be included in individual CRA codes of conduct, and the elements contained in the IOSCO CRA Code should receive the full support of CRA management and be backed by thorough compliance

economic, fiscal, monetary or political policies or factors that have materially affected, or could materially affect, the company’s operations. Also disclose any significant components of revenues and

transaction Shareholders Before the transaction After the transaction Percentage Percentage A founding shareholder 71.37 67.71 Oventure Pte. Ltd. 22.00 26.00 Other six individual shareholders 6.63 6.29 Total

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