Page 1 of 5 Performance Overview In 1Q18 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a 7% YoY decrease in total revenues, mainly from a drop of revenues from

due to the decrease in Chinese tourists, there was impact from closed partial hotel’s area for renovation Ibis Styles Chiangmai Hotel in the third quarter of 2019 and the smoke pollution crisis in

profit margin of 24.5%, a decrease compared to last year at 29.2% and representing earnings per share of Bt1.47. Table summarized the operating results of the Group (unit : Bt million) Page 3 of 6 1.1

16.50% compared to the revenue of 2018, mainly due to the decrease in Chinese tourists, there was impact from closed partial hotel’s area for renovation Ibis Styles Chiangmai Hotel in the third quarter of

from Operating Activities Cash from operating activities was Baht 601.7 million. The main components were (i) deposits received from sales of investment in subsidiary, (ii) decrease in trade and other

% 3Q16 2Q17 3Q17 Sales Other income Revenue Component 64.35% 64.75% 63.92% 35.65% 35.25% 36.08% 3Q16 2Q17 3Q17 House brand Other brand Sale Component by Brand The decrease of 9M17 sales was attributable to

17.99 million which significant decreased comparing to the same period of the last year due to the above-mentioned cause of the decrease of Sharing of gain (loss) from investment value of the associates

expenses The Company’s selling expenses presented at Baht 385.33 million decrease Baht 8.41 million or 2.14% from last year, primarily due to the selling and marketing expenses control while administrative

% from the quarter 3/2017 but still decrease by 4.5 percent from the same period of last year. The gross margin of the year 2017 was 1,692.7 million baht calculated as 32.2% of revenue from sales. The

-year, mostly due to a decrease in Honda sales. Cost of sales and services slightly increased in accordance with higher sales. Gross profit margin as percentage of sales improved from 7.62% in 2018 to