bond allowing the bondholder to convert bond to the Company’s stock at the adjusted conversion price at THB 4.40 per share. Page 2 of 11 Singha Estate Public Company Limited Management Discussion and

amended) and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of

Transaction on Acquisition of Assets and Determination of the 2020 Annual General Meeting of Shareholders To: Director and Manager The Stock Exchange of Thailand Enclosure 1. Information Memorandum on the

PUBLIC COMPANY LIMITED HMPRO: HOME PRODUCT CENTER PUBLIC COMPANY LIMITED HPT: HOME POTTERY PUBLIC COMPANY LIMITED HTC: HAAD THIP PUBLIC COMPANY LIMITED HTECH: HALCYON TECHNOLOGY PUBLIC COMPANY LIMITED

governance, allowed KBank and K Companies to meet business targets, gaining wide acceptance and marks of recognition at home and abroad, as reflected in the numerous awards we received in this quarter. B

the company was voted for the third consecutive years. However, the company’s securities has selected in the SET High Dividend 30 Index or SETHD from the Stock Exchange of Thailand which the price index

for the third consecutive years. However, the company’s securities has selected in the SET High Dividend 30 Index or SETHD from the Stock Exchange of Thailand which the price index reference 30 shares

targets, while we also gained wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in 2019. C Contents Page Executive Summary A 1. Overview of Operating

market share at 65.4% fell 12.8% YoY to THB 17,226mn and Traditional media (Newspaper, Magazines and Radio) with a 13.8% market share, declined by 22.7% YoY to THB 3,629mn. Out-of-Home media (OOH), which

subsidiary of MACO, acquired the lease rights and 74 billboards from Out of Home Media Company Limited (“OHM”) (32 billboards) and Outdoor Construction Company Limited (“ODC”) (42 billboards) at the total