name Khightsbridge Phaholyothin Interchange 2 Project value Approximately 2,300 Million Baht 3 Location Phaholyothin Road 4 Progress Under development of condominium for sale Shareholding structure

nine-month period of 2015 due to usage of construction costs based on the progress of work. 4. Profit from disposal of immovable property 4.1 Profit from disposal of land held for development For the

food technology development, and to link culinary operations with its education business. On 3 April 2018, the company launched ASAI Hotels, a distinctive new brand designed to link curious, millennial

Hundred and Eighty One Thousand Baht Only) excluding VAT. The payments are divided into 5 installments of approximately 20 percent of total amount for each installment upon the work progress as stated in

been completed on 19 February 2020. Page 2 of 7 Singha Estate Public Company Limited Management Discussion and Analysis 2019 On 11 December 2019, S Residential Development Co., Ltd., one of the Company’s

Million Baht, accounting for 58.60% from previous year as the revenue recognition on progress measurement method towards complete satisfaction of the performance obligation on construction service contract

is lower than in the six-month period of 2015 due to usage of construction costs based on the progress of work. 4. Expenses 4.1 Selling expenses For the six-month period of 2016, selling expenses

% from previous year as the revenue recognition on progress measurement method towards complete satisfaction of the performance obligation on construction service contract that has continuously awarded

Tentative Transfer from/ (THB mil) Transfer progress The ESSE Asoke 4,923 83% 41% (of project value) The ESSE at Singha Complex 4,347 91% 3Q2019 The ESSE Sukhumvit 36 6,461 63% 3Q2020 EYSE Sukhumvit 43 1,957

resulting was an important development and this focus on zero injuries will remain for the future. Year on Year total revenues are down slightly by 12%. This was due to increased competition on the domestic