1 Translation CEN 012-2020 May 15, 2020 Subject : Management discussion and analysis for business operation Quarter 1-2020 To : The Manager and President The Stock Exchange of Thailand Summarization

October 3, 2019 Re: Clarification of the operating results of company and its subsidiaries for the 1 st quarter of year 2018 To: President The Stock Exchange of Thailand K.C. Property Public Company

: President The Stock Exchange of Thailand Singha Estate Public Company Limited (the “Company”) would like to inform the acquisition of asset and plan for disposal of assets as follows 1. Acquisition of Asset

Disposal of Assets Transaction, and Acquisition of Assets Transaction To : Director and Manager The Stock Exchange of Thailand Enclosure Information Memorandum on Acquisition of Assets (Schedule (1)) of

., the subsidiary of the Company, and change in the accounting policy regarding the record of the land appraisal To: President The Stock Exchange of Thailand Attachment: Information Memorandum on the Asset

(Edited Information Memorandum on the Acquisition of Assets) To President The Stock Exchange of Thailand Enclosure: Information memorandum regarding the acquisition of up to 40% shares of total paid-up

offering of warrant to purchase ordinary shares of the Company to existing shareholders and joint ventures in subsidiary. (Edited) To: The President The Stock Exchange of Thailand Enclosure 1. Capital

-1 -Translation- Ref. LPN/SorKor/146/2562 9th May 2019 Re: Financial Statements Analysis Report Q1/2019 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co.,Ltd. would like to

วันที่ 10 พฤษภาคม พ -Translation- 1 Ref. LPN/SorKor/208/2561 9th August 2018 Re: Consolidated Financial Statements Analysis Q2/2018 Dear: President The Stock Exchange of Thailand L.P.N. Development

วันที่ 10 พฤษภาคม พ 1 Ref. LPN/SorKor/289/2561 8th November 2018 Re: Financial Statements Analysis Report Q3/2018 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co.,Ltd