major shareholder, to carry out the foregoing work then constitutes a connected transaction in the ordinary course of business of the Company without any general trading conditions in accordance with the

Transfer Transaction is, therefore, deemed as a Class 1 Transaction under the Acquisition and Disposal Notifications. Moreover, the Entire Business Transfer Transaction also constitutes an acceptance of an

those businesses. The assessment was made for the purpose of recording the fair value of the Company's and PRE's investments in PP1 and PP3. The Company, therefore, emphasize in asset value by comparing

launched on . . The Group emphasize encouraging to customers aware about the quality water and new technology of water system and innovative of disinfection for food and beverages industrial, through the

projects and maximize brand value. For example, the Company will focus on franchising businesses to grow the brand both domestic and international. This attempt will emphasize countries where there is

entering the Company’s properties. Page 5 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 Additionally, the Company puts an emphasize on efficient cost management to

satisfactory, the company has set a target to expand at least 100 branches by 2021 in order to meet the rising demand and foster brand recognition. The Company will emphasize on expanding the branches in areas

pastry is also expected to meet the needs of customers who love trying new and unique products. Emphasize on Increasing the Number of Pop-up Stores in Bangkok and Other Provinces The Company has been

quarter of year 2024 6 the postponed 2024 budget. While demand for new vehicles remains solid, it is currently delayed due to stricter financing options. It’s important to emphasize that the company

the same meeting and the total transaction value is therefore equal to 37.90 percent based on the total value of consideration criterion, falling under Class 2 transaction, according to the Notification