Page 1 of 7 Management Discussion and Analysis 2018 Executive Summary The operating result of 2018, Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reached total revenue of

-Time item) 3) Accounting adjustment of AAPICO Avee’s amount of approximately Baht 26.5 million. (One-Time item) 4) Impairment on loan given to joint venture company and impairment on investment of

each to reserve the payment of the stock dividend 62,489,756 shares and to reserve the right adjustment of WIIK-W2 22,928,775 shares. The Company registered the increase in its registered capital with

Management Discussion & Analysis ( - translation - ) For operating result of 4Q/18, ended 31 December 2018 Raimon Land Public Company Limited | 27 February 2019 1 / 5 Major Events in Q4/18 and

cryptocurrency which will be introduced as a mechanism for payment). Facebook will also set up a company Calibra to provide a wallet service for Libra users.Impacts from Libra – Opportunities and Challenges

Microsoft Word - SHR MDA YE19_EN 20200226 vf Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page

IP_AC/001/2563 February 24, 2020 Subject Management’ discussion and analysis for the fiscal year ended December 31, 2019 To President The Stock Exchange of Thailand Interpharma Public Company Limited

period -15.79 -50.76 34.97 68.89 Non-controlling interests of the subsidiaries 0.06 0.00 0.06 Profit(Loss) attributable to equity holders of the company -15.55 -50.62 35.07 69.28 Basic Loss Per Share (Baht

% because in Q2-2022, the loss from fair value adjustment of investment in Campana Group Pte. Ltd. approximately 20.0 million baht was recorded. Financial Analysis of the company As of June 30, 2023, the

Acquisition of Assets of IGEN Engineering Company Limited ("IGE") (Revised) To: Director and Manager The Stock Exchange of Thailand The resolution of the Board of Directors’ Meeting No.3/2018 of Dimet (Siam