(“the Company”), the management would like to clarify the operating results for the period of three month ended June 30, 2020 as follows; Summarized of the Statement of income Unit : million Baht Quarter

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

Operating Revenue – Cost of Sales Cost of sales mainly consists of cost of raw materials, packages, supplies, salary of production unit’s staff, depreciations, kitchen utensils and space usage expense of

Million Gross profit = Total Operating Revenue – Cost of Sales Cost of sales mainly consists of cost of raw materials, packages, supplies, salary of production unit’s staff, depreciations, kitchen utensils

Revenue Q1/2022 vs Q1/2023 Gross profit = Total Operating Revenue – Cost of Sales Cost of sales mainly consists of cost of raw materials, packages, supplies, salary of production unit’s staff, depreciations

. Gross Profit and Gross Profit Margin: Unit: THB Million 168 226 Q1/23 Q1/24 63.6% 66.5% 35% Gross profit = Total Operating Revenue – Cost of Sales Cost of sales mainly consists of cost of raw materials

: Million THB Gross profit = Total Operating Revenue – Cost of Sales Cost of sales mainly consists of cost of raw materials, packages, supplies, salary of production unit’s staff, depreciations, kitchen

355 Q4/20 Q4/21 2020 2021 2. Gross Profit and Gross Profit Margin: Unit: THB Million Gross profit = Total Operating Revenue – Cost of Sales Cost of sales mainly consists of cost of raw materials

while other non-interest income declined yoy. Overall operating expenses also declined from effective cost management when comparing to the same period last year. The Bank continued to remain prudent when

million or 21% from 1H/2018 mainly due to recognition of GLOW’s performance following the acquisition of GLOW. Executive Summary Q2/2019 Operating Highlights On the 14th March 2019, Global Power Synergy