year and net profit margin attributable to the equity holders of the Company increased to 23.7% from 13.9% in 2016. FINANCIAL POSITION (THB mn) ASSETS ASSETS BREAKDOWN 31 DECEMBER 2016 31 DECEMBER 2017

of 9M19 was THB 3,066.8mn. Of which, THB  484.6mn and THB 2,556.6mn, respectively, were from sales of real estate (transfer ownership to buyers) • Gross profit from sales of real estate in 3Q19 was THB

which had been reviewed by the independent auditor as follows: 1. Summary of the Company’s operating results 2. Analysis of the consolidated financial performance 3. Analysis of the consolidated financial

Page 1 of 6 Performance Overview In 2017 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a consolidated net profit of Bt572mn, representing a growth of 236% YoY with

amounting of 1,254.29 Million Baht, and net profit of the parent company amounting of 8.68 Million Baht. We would like to clarify the change in operating result for the 3 months ended 30 September 2017 more

expenses at 3.7%(y-o-y), the Net profit attributable to Equity holders of the Company in 2018 were of Bt1,050.6 million which increased by Bt80.0 million or 8.2%(y-o-y), representing the Net profit margin of

the Net profit was derived from Aviation refueling services business and around 13% was derived from Fuel pipeline transportation business. 2. Report and Analysis of Financial Status 2.1 Assets As of

928.3 948.1 1,202.6 (19.8) (2.1) (274.3) (22.8) Profit for the period 72.1 67.4 105.3 4.7 7.0 (33.2) (31.5) In Q2–2018, the Company’s total revenue was similar to Q1–2018 with a slight decrease. Compared

Thailand We, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company

(95) (3) 165 4 (260) (158) (43) (1) (52) 121 Net Financial Costs (4) (0) (5) (0) 1 (20) (4) (0) - - FX Gain/Loss(1) 3 0 (10) (0) 13 (130) (2) (0) 5 (250) Share of Profit/(Loss) from investment 4 0 46 1