-Translation- No. ECF2 031/2019 August 14, 2019 Subject: Management Discussion and Analysis of the 2nd quarter ended June 30, 2019 To President The Stock Exchange of Thailand East Coast Furnitech

MDA Q2_61 EN -Translation- No. ECF2 033/2018 August 15, 2018 Subject: Management Discussion and Analysis of the 2nd quarter ended June 30, 2018 To President The Stock Exchange of Thailand East Coast

East Coast Furnitech Public Company Limited (“the Company”) would like to report on Management Discussion and Analysis from the separate and consolidated financial statements of the 3rd quarter ended

Page 1 of 6 Performance Overview In 3Q17 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a total revenue growth of 82% YoY, mainly from higher contribution from

;  Type 3 telecommunication business annual license fee  Spectrum administrative fee  Telecommunication numbering fee  Revenue contribution to Broadcasting and Telecommunication Research and Development

contribution for the year amounted to THB 437mn and (iii) an increase of 36.7% YoY or THB 156mn of other revenue to THB 580mn. Total consolidated expenses amounted to THB 6,683mn in 2018, an increase of 40.3

management company exceed 5 percent of total shares sold of management company 2. Person who hold shares or be a partner of person in 1. exceed 30 percent of the total shares sold or amount of contribution of

shares sold or amount of contribution of such person. Except that such person in 1. is a company established in the foreign country; (c). Juristic person which management company hold shares or be a

percent of the total shares sold or amount of contribution of such person. Except that such person in 1. is a company established in the foreign country; (c). Juristic person which management company hold

because more contribution from subsidiary’s profit as the Company’s stake has increased to 98.31% from 53.93% in 1Q’18. Page 3 of 4 The consolidated profit before non-controlling interest in year 2018