0.60 times as at 2016 year-end, as proceeds from the fund-raising activities were under reserve for near-term investments. Singha Estate Investor Relations choenporn.s@singhaestate.co.th Tel: +662 050

or 3% compared to the total shareholders’ equity as at 31 December 2016 of Baht 2,629 million. The increase is due to the net profit and proceeds from non-controlling interests of the subsidiaries from

total assets, with a decrease of THB 322.64 million year-on-year due to the receipt of cash proceeds from disposal of 10% investment in TSE at the end of 2016. Page 4 of 5    o Trade and other receivables

twice in this year, the 2-year debenture and 1-year 11-month 28-day debenture, which totaling amount is THB 900 million. The proceeds were used for repayment of the matured debenture in this year and used

instruments as a result of capital increase during the first quarter and proceeds from disposition of assets in the following quarter in 2018. Profit and Loss Results In 2018, the Company recorded net loss of

current ratio was at 2.4 times, as the Company had a large amount of cash and current investments from IPO proceeds. Debt to equity ratio was at 0.3 times. Osotspa Public Company Limited Q1’19 Management

outflow of THB 657 million, mainly due to the investment in associates (NRIP) of THB 663 million, equipment payment of THB 118 million offset with proceeds from sales on other long-term investment of THB

10 years and a maturity date in 2028, and bear a fixed interest rate of 4.50 percent per annum. Payment under the notes is guaranteed by the Company. The net proceeds from the issue of the new notes

long run; and (3) To help create the opportunity to increase the Company’s share price and dividend from its operational results in the future. 7. Source of Funds The Company will utilize the proceeds

78.22%. Moreover, the Company issued the 2-year debenture during this year amounting to THB 400 million. The proceeds were used for repayment of the matured debenture in July 2018. Shareholders’ equity As