and also use it as working capital; (7.2) The request for the License return also reduces the risk of capital structure management; resulting in generating cash flow for the Company and supporting the

their characteristics (for example, monthly salary, bonus and contribution to the provident fund, etc.) as well as the human resource development policy. 11. Corporate governance Describe the operation or

Page 1 of 6 Performance Overview In 3Q17 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a total revenue growth of 82% YoY, mainly from higher contribution from

management company exceed 5 percent of total shares sold of management company 2. Person who hold shares or be a partner of person in 1. exceed 30 percent of the total shares sold or amount of contribution of

shares sold or amount of contribution of such person. Except that such person in 1. is a company established in the foreign country; (c). Juristic person which management company hold shares or be a

percent of the total shares sold or amount of contribution of such person. Except that such person in 1. is a company established in the foreign country; (c). Juristic person which management company hold

of investments Total revenue grew by 8.83% year-on-year, driven by higher sales from the automotive parts segment and sale contribution of AAPICO Maia which the company acquired in Q4 2019. Interest

lower Share of Profit of associates contribution. Mil THB 12 19 63 45 9 10 189 91 Q2 18 Q2 19 165 -39.5% Profit sharingTKS One-time gain(loss) 273 Gain on sale asset TBSP 84 74 -11.0% 46.5% 27.9% % NP

margin of 14.5% from the second quarter of 2018. The increase in the overall gross profit margin was mainly driven by the increase in the house brand revenue contribution that grew in conjunction with the

% Company represented net profit in 3Q19 of THB 51.8 mil. -27.7%, when compared same quarter of last year, mainly caused by lower Share of Profit of associates contribution. In addition, in 3Q19, the Company