year, is scheduled to achieve COD in 2Q2019 in WHA Eastern Seaboard Industrial Estate 3  Chonburi Clean Energy, an installed capacities of 8.6 MW Waste to Energy Power Plant, representing 2.9 Equity MW

and lower than average level by about 5% in August. The average water in the reservoirs in Chonburi and Rayong were 55% and 68% of total capacity respectively. Water Volume (Million Cu.M) Chonburi

Eastern part of Thailand will be lower than average level during November – December and get closer to the average level in January. The average water in the reservoirs in Chonburi and Rayong were 83% and

residential condominium units in the statement of comprehensive income when the real estate project has been completed and transferred to the customers. MahaNakhon Project: The Company sold 4 residences of the

comprehensive income when the real estate project has been completed and transferred to the customers after completion of the payment. Despite the sales of assets in the previous year there are remaining backlog

NTA Company Cannot be calculated because it is the acquisition of real estate assets. 2. Net profit criteria Net profit from operations of assets to be acquired Company net profit Cannot be calculated

Page 1 of 7 Management Discussion and Analysis 1Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 1Q19 Total revenue of THB 3,000m, increased by 167% YoY. The

Page 1 of 7 Management Discussion and Analysis 2Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 2Q19 total revenue of THB 2,355m, increased by 147% YoY. 300

% 45.9% 49.5% 53.2% GPM before adjustment with PPA/1 82.3% 51.5% 57.3% 54.8% /1 Excluding accounting impact of Purchase Price Allocation (PPA) Income from sales of real estate during 3 months ended the

estate development in Malaysia, have jointly developed Central i-City, through 60% and 40% investment proportions respectively. Located in a high potential area, Central i-City is part of the i-City