Company Limited (“Sansiri”), which is the companies carry on real estate development business; namely, Siripat One Company Limited (“1st Company”), Siripat Two Company Limited (“2nd Company”), Siripat Three

Justification_E_2-61 NO. AC. 003/2018 14 August 2018 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M. K. Real Estate

Page 1 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 Executive Summary Bank of Thailand, in late March 2020, slashed its forecast for Thai economy from the

ที่ บช NO. AC. 004/2017 13 November 2017 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M.K. Real Estate Development

institution and being an issuer or counterparty for the benefit to manage liquidity of fund; (2) Transaction in organized market via related person which is brokerage; (3) Purchase newly issue securities from

instruments which related person is a financial institution and being an issuer or counterparty for the benefit to manage liquidity of fund; (2) Transaction in organized market via related person which is

equivalent instruments which related person is a financial institution and being an issuer or counterparty for the benefit to manage liquidity of fund; (2) Transaction in organized market via related person

percentage) 5. Agreement for the sale of lease rights in Laem Chabang Industrial Estate BPLC1R Thailon Techno Fiber Limited BPLC1R 1 For the entry into of EPC Contracts, each of the Project Companies shall be

follows: I. The operating revenue break down by business segment In the first quarter of 2018, the Company and its subsidiaries’ revenues from sales of real estate decreased while the property rentals

ที่ บช NO. AC. 01/2019 22 February 2019 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M. K. Real Estate Development