relevant favourable prices and conditions. 11. Opinions by The Audit Committee and/or Director significantly different from those by The Board of Director - None - 12. Information of the company 12.1 Summary

order to have registered capital at THB 15,000,000 (as per details set out below). 2 For the acquisition of Leyland’s ordinary shares, the share purchase price was calculated from the asset value of

Page 1 of 8 Singha Estate Public Company Limited Management Discussion and Analysis 3Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 9M19 total revenue of THB

were back on track with 44.5% growth YoY and 3.4% growth QoQ. - In Q1’19, the Company maintained its leadership position with total market share of 31.1% in Brain and Body Boost (“BBB”) products which

= Translation = Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration and Entire Business Transfer The Company registered the change of

Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Executive summary The overall global economy was projected to slow down significantly due to the COVID-19

-Current Liabilities 134.27 393.84 -259.57 -65.91 Total Liabitities 434.67 799.66 -364.99 -45.64 Total Shareholders ' Equity -26.39 251.79 -278.18 -110.48 Basic Loss Per Share (Baht) (0.35) (0.36) Gross

Public Company Limited’s subsidiary company (“The Company”), Joint Venture Ureka UU co., ltd. (“UU”), in which the company hold 90% of the share. The company plans to increase the shareholding to 99%. On

First Quarter of 2020 1. EXECUTIVE SUMMARY WHAUP finished our First Quarter of 2020 with a Normalized Net Income of Baht 219.0 million, a 18.8% decrease from 1Q2019 while Net Profit of Baht 43.5 million

1.83 million. In summary, the company managed the cash flows by using cash from raised share capital in year 2016 for operation, repaid loan and invest in machinery for new production line. Trend of year