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

market therefore, their sales has no affect to a significant change to the total sales in this quarter. As for the nine month-period ended September 30, 2019 the Company and its subsidiary still has a

–2021 Balance by Quarter Change Q3-21 Q2-21 Q3-20 Q3-21 VS Q2-21 Q3-21 VS Q3-20 (Million Baht: MB) (MB) % (MB) % Total revenue 1,509.1 2,081.2 2,241.1 (572.1) (27.5) (732.0) (32.7) Total operating

of March 31, 2024, which can be summarized as follows: 1) Profit & Loss Analysis : Q1 2024 (3 Months) (Unit : Million Baht unless otherwise stated) Q1 2024 Q1 2023 Change Amount % Change Total Revenues

. Karnchang Public Company Limited (“CH. Karnchang”) as the Contractor for maintenance services on civil infrastructure and E&M Systems for the MRT Blue Line Project, in the total amount of Baht 2,777.7 Million

) 1,160,232 1,073,287 86,945 8.10 Gross profit margin (%) 30.94 37.99 (7.05) (18.55) 32.25 32.30 (0.05) (0.16) Total revenue 770,795 755,838 14,957 1.98 3,741,510 3,402,701 338,809 9.96 Total Cost & Expenses

(8,363 rooms) under the Company’s management at the end of 2019. As for Elite Havens, the number of properties under its management has increased to a total of 270 luxury villas (1,117 rooms). The Company

provide Management Discussion and Analysis for the year ended 2019 as follows: Overview of the operating result for 2019 The company’s total revenue for year ended 2019 was THB 196.60 million, increased by

78.26 74.62 95.35 Air Freight 106.90 39.77 67.13 168.80 Logistics Management 69.45 42.52 26.93 63.33 Total Service Revenue 329.23 160.55 168.68 105.06 1. Marine Freight Management's revenue for the three

30 September 2017 The Company and its subsidiary’s total assets as of 30 September 2017 decreased by 4%. The decline was from the decrease of cash and temporary investment. The late of last year, the