Tangjettanaporn are satisfied with the result of the due diligence on the Company and there is no change which might have a material adverse impact to the Company’ s status, operation, business and/or property

(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

MD&A Q3Y2019 (E) - 11.11.19 RATCH Group Public Company Limited Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2019 Management Discussion and

), because the profits from investment in CTARAF property investment fund decreased compared to the same period of the previous year. For the 9 months /2017 period ended September 30, 2017, the Company and

in non-current assets mainly due to the depreciation for property, plant and equipment. • Total Liabilities As of 30 June 2017, the Company has total liabilities amounted to THB 4,806 million which

of THB 102 million, while the company received cash from selling of investment in MFC in the amount of THB 73 million.  Property, plant and equipment decreased by THB 848 million, investment was

selling price of hot-rolled coil for the year in 2017 increase around 18.54% comparing with last year together with the well manage production of the Company, the Company can generate cash margin by Baht

12,391 10,868 Average selling price of hot-rolled coil for the year in 2017 increase around 18.54% comparing with last year together with the well manage production of the Company, the Company can generate

company, incorporated in the British Virgin Islands (BVI), which provides asset management services for the funds, especially in Asia, which invest in various types of businesses in various forms, such as

production base for emerging markets in Southeast Asia, while LQSF’s wide-coverage distribution that reaches almost all regions of Vietnam will help expand the Company’s business in Vietnam. The Company has