) Public Company Limited (“The Company”) held on April 18,2018 has approved of the Company to propose the shareholders' meeting for consideration as the details following, 1. Approved the appointment of JVS

Page 1 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 Executive Summary Bank of Thailand, in late March 2020, slashed its forecast for Thai economy from the

sale of 75% of VGI Global Media (Malaysia) Sdn. Bhd. (“VGM”) for THB 360mn to Master Ad Public Company Limited (“MACO”). This transaction is expected to be completed within 3Q 2018/19. The restructuring

Public Company Limited (20 percent). Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page 2 1.3 Secur ities Sale Deed to increase investment propor tion in

than that of in November and December 2017, resulting in the increase in fuel consumption. 4.2.4 On May 3, 2018, RH International (Singapore) Corporation Pte. Limited (“RHIS”) acquired shares from

decreased Baht 14 million or 7.1 percent. - The sales income from the new business, manufacture of skincare products, cosmetics, food supplements and medical used to treat skin disease, was acquired from

Nation Multimedia Group Public Co., Ltd. 1858/121-122, 1858/125-128 28th, 30th, 31st Floor, Debaratna Road, Bangna-Tai Sub-District, Bangna District, Bangkok 10260 Tel: 0-2-338-3333 Call Center: 0

MD&A Y2019 (E) - Final RATCH Group Public Company Limited Management Discussion and Analysis For the Year Ended December 31, 2019 Management Discussion and Analysis For the Year Ended December 31

Page 1 of 17 (-Translation-) No.DO 004/2563 February 12, 2020 Subject: The Acquisition and Disposition of Assets to Real Estate Investment Trust of M.K. Real Estate Development Public Company Limited

Public Company Limited (GPSC) (‘company’) completed the acquisition of Glow Energy Public Company Limited (GLOW) from ENGIE Global Developments B.V. purchasing shares amounting to 69.11%. In addition, the