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

this momentum to continue in the quarters to come. 1Q 2018 Highlights  Core EBITDA increased 49% year-on-year to $326 million, driven by strength in all segments and structural improvement in the

above, PVD could be another safety net for the labor force besides social security.?Currently, the average contribution of employers and employees nationwide is 5 percent each, as opposed to the maximum

of contribution in such limited partnership is less than one percent of the total amount of the contribution of that limited partnership; (e) in the case where the shareholding in such limited company

holding of contribution in such limited partnership is less than one percent of the total amount of the contribution of that limited partnership; (e) in the case where the shareholding in such limited

could ultimately enhance their retirement savings and income.The Provident Fund Act B.E. 2530 (1987) was originally designed to support a voluntary defined contribution scheme. With the proposal of the

voluntarily by an employer and its employees. The fund money derives from the employees? contribution and the employer's contribution.

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Trans.Ad Solutions Company Limited and Roctec Technology Limited, collectively called “Trans.Ad Group”, which was acquired in August 2018. Revenue contribution Revenue by segment (THB mn) THB (mn) 2Q 2018 1Q