Capital 50 Mil.Baht TAKUNI holds 99.99% Takuni Land Company Limited Property Development Paid-up Capital 1 Mil.Baht TAKUNI holds 99.99% CAZ (Thailand) Company Limited EPC service for customer in energy

issued and paid-up shares, and Dream Islands Development Private Limited (the "Developer") ("Marketing Support Service Agreement"). The Developer is a subsidiary of Singha Property Management Company

competitiveness enhancement in both short and long term. Selling and administrative expenses Selling and administrative expenses (including research and development – R&D) in 2018 went up 5.8% from 2017 and keep

% % Revenue from hotel operations 279.41 68.61 284.71 51.49 (1.86) 646.47 71.23 666.78 49.31 (3.05) Revenue from property development operations 89.64 22.01 254.35 46.00 (64.76) 204.60 22.54 658.55 48.70 (68.93

SAAM Energy Development Public Company Limited - 1 - 13 February 2019 Subject: Management Discussion and Analysis for the year ended 31 December 2018 To: The President The Stock Exchange of Thailand

budget on new system investment, license fee and maintenance fee clearly in each year. 2. The Company should follow up the overseas investment in system development to be maximum efficiency. Opinion of the

the Thai capital market, (2) Scale up listed firms’ quality to enhance value through the Jump+ and Value Up Program, (3) Streamline IPO and foreign listing process to boost fundraising and

and property development business division totally 282.7 million Baht compared with same period of year 2018 amounted 302.8 million Baht, decreased the amount of 20.1 million Baht or 6.6 percent. For

of both treatment of industrial waste business division and property development business division is 342.4 million Baht compared with same period of year 2016 amounted 378.6 million Baht, decreased

SEC held the second meeting with the “SME Startup PE VC” working group, set up to promote access to the Thai capital market by small- and medium-sized enterprises, startups, private equity firms