the two languages, the Thai version shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering

Translation Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration On June 15 - 19, 2020, the Company offers ordinary shares by number of

(Translation) No. IR/2561/013 19 March 2018 Subject: Sending Information Memorandum of Singha Estate Public Company Limited Re: Entering into Asset Acquisition Transaction To: Shareholders of Singha

Company Limited (“the Company”) has resolved in the meeting No.6/2019 held on July 17, 2019. The significant resolutions are as follows: 1. Approved the minutes of the Boards of Directors’ Meeting No. 5

-2741-5700-5 / Fax 0-2741-6878 / Company Tax ID : 0107545000021 No. 7UP 015/62 April 9, 2019 Subject : Notification for Resolution of Board of Director's Meeting No. 3/2019 regarding the Acquisition and

other businesses. Hospitality Business At present, all hospitality business of the Company was under the management of SHR, the Company’s subsidiary. At the end of 2Q20, the Company’s total hotels reached

languages, the Thai version shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However, the

). However, the Company also recorded Expected credit losses on loan purchased of receivables in accordance to present the Company’s performance on Cash basis. ● The Company recorded Deferred tax assets that

, the Company has received all the capital payment from investors. The Company has registered the increase in paid-up capital to the Ministry of Commerce. At the present, the Company’s paid-up capital has