quantity of the past 10 years. The weather forecast of the Department of Meteorology was expected that the total rainfall in the Eastern part of Thailand will be nearly average level during August

the forecast for the year 2018, but with revised forecasted Investment • The Company has maintained 5% growth of core revenue for the year 2018 mainly driven by Dusit Thani Hotels in Phuket, Manila

Page 1 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 Executive Summary Bank of Thailand, in late March 2020, slashed its forecast for Thai economy from the

demands increased by 11.9% to 849,388 units. Export volume increased by 4.3% to 1,000,256 units. In 2023, the Federation of Thai Industries (FTI) forecast the car production to be at 1,950,000 units or

decreased by 4.9% to 406,131 units. The Federation of Thai Industries (FTI) revised the forecast of car production for 2023 to be at 1,900,000 units which were divided into production for exporting of

Federation of Thai Industries (FTI) revised the forecast of car production for 2024 from 1,900,000 units to be at 1,700,000 units; broken down into production for export of 1,150,000 units and production for

agreed by the Company and Seller Group, which was based on historical performance and forecast future performance of Target Group Hotel and Resort along with other related factors. However, referring to

- None - 12.7 Financial forecast of this year -None - 12.8 Pending material litigation or claims Presently, the company does not have any litigation or dispute which may negatively affect its assets more

) by improving the internal control system to be sufficient and efficient, with P&L Internal Audit Company Limited. as the auditor within the group, That the company is in the process of reviewing and

Company and Seller Group, which was based on historical performance and forecast future performance of Target Group Hotel and Resort along with other related factors. However, referring to Equity Purchase