Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 September 2024 of the Company and the subsidiaries (“the Group”) as follow

Osotspa Public Company Limited Q3’19 and 9M’19 Management Discussion & Analysis 13 November 2019 Q3’19 and 9M’19 Management Discussion & Analysis Page 1/6 Financial Highlights - Overall Q3’19 Net

from the securities company that underwrites the structured notes and the issuer. The investors may study the registration statement and draft prospectus filed by the debt se with the SEC Office on the

Date). The payment date was on 28 May 2019. 2) 28 May 2019, the Company signed joint venture agreement with Mitsubishi Estate Asia (full name - MEA Commercial Holding PTE Ltd.) from Japan, to jointly

be used as the trading, commercial, official facilities, or any relevant purposes which a company has currently partially rented the area of building for the purpose of running the business regarding

Q4’2018 EDL PPA 15.0 MW / 25 years % Progress 74.3% Progress on track Progress on track B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis ABBREVIATION COD Commercial Operation Date

SHR MD&A EN Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 1 of 8 August 13, 2020

Acquisition of Assets of Safari World Public Company Limited; An increasing of investment cost in Carnival Magic Project. (No.2) Safari World Public Company Limited (“The Company”), would like to notify the

formulation optimization. During the year, the Company has utilized IPO proceeds to invest as planned. The new glass factory (SGA2) has completed in Q3’19 and started commercial operations in Oct’19. This

Growth Leasehold REIT (“CPNREIT”) and CPN Commercial Growth Leasehold Property Fund (“CPNCG”) The Company managed 34 shopping centers (15 projects in Bangkok Metropolitan Area (BMA), 18 projects in the