estate developer and its customers. Although overall economy is soft, the Company’s target group of customers can maintain their purchasing power.   For recurring income business, the Company had adjusted

target group of customers can maintain their purchasing power. For recurring income business, in November 2019, the Company kicked off the construction of “Hotel Kitch”, a 72-room hotel that will be

Company also aware of the current situation and has adjusted operations to maintain revenue growth along with consistently enhanced quality and capability of service under cost-effective management to

strength as well as effort to maintain monetary return in the eyes of shareholders. Page 3 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 The Company has adopted

. The Company attempt to maintain a faster inventory turnover, where raw material (CPO) and product (Biodiesel) were stocked between 15-20 days in 2021. Also, the Company emphasis on efficiently control

to weak spending affecting mobile operators to maintain offering low-unlimited plans to keep their customer base. In addition, as mobile operators have attempted to increase their 5G adoption, there

maintain inventories turnover rate between 15 - 25 days for alleviates the impact of the fluctuation of CPO on the Company’s performance. Revenue 1. Revenue from Sales and Services For 3rd quarter of 2022

from diminution in value of inventories amounting of 14.00 million Baht. However, the Company determined the policy that focused on the management of raw material (CPO) by trying to maintain inventories

maintain under the terms (if any)3 Payment Default History No Yes If yes, please explain 2 Specify the calculation formula for ICR and DSCR. 3 Specify the conditions for maintaining the financial ratio under

economies of scale, and lower depreciation. • Net Profit Margin in Q2/2023 was 14.2%, slightly decreased from 14.5% in Q2/2022. This shows the ability of the Company to maintain profitability. Q2/2023 vs Q2