independent appraiser). Such transaction is considered as the related transaction and has the transaction size in 0.26% of the net tangible assets of the consolidated financial statements on 30 September 2018

method based on the review of consolidated financial statements ended 30 June 2019. The Company had not entered into any other acquisition transaction during the past six http://www.navanakorn.co.th

quality of assets Trade account receivables Unit: Million Baht Consolidated financial statements 30 September 2019 31 December 2018 Trade account receivables - unrelated parties 1,343 2,455 Less: Allowance

1 GLOCON.018/2020 May 15th, 2020 Subject Management’s discussion and analysis for 1st quarter of 2020 Attn. The President The Stock Exchange of Thailand Management’s analysis Consolidated Financial

Firetrade Engineering Public Company Limited (“the Company”) would like to report the operating result according to the Company’s consolidated financial statement of the Company and its subsidiary for the

calculation of the transaction value based on the total value of consideration relative to the total asset value per the Company’s consolidated financial statements reviewed by the certified public accountant

of consideration based on the Company’s consolidated financial statements as of 31 December 2019 audited by the certified auditor. There is no acquisition transaction to be incurred in the past 6

asset as of ending quarter declined -5.4% from the end of 2023 to Bt429,869mn. Current assets was at Bt40,653mn, decreasing -3.8% mainly from lower cash balance due to dividends paid. Total non-current

the resolutions of the Board of Directors’ meeting, Connected Transaction, the Asset Acquisition Transaction and to fix the date of the Extraordinary General Meeting of Shareholders no.1/2019 To

(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