SAAM Energy Development Public Company Limited - 1 - 7 August 2020 Subject: Management Discussion and Analysis for the period ended 30 June 2020 To: The President The Stock Exchange of Thailand SAAM

cash flow generated from operations and good working capital management. (b) Total Liabilities Total liability as of September 30, 2019 was 168.73mb, increasing by 61.42mb or 57.2% , m ainly due to the

industry-wide and regular cybersecurity drills are conducted to ensure effective risk management. In addition, the conference featured a panel discussion on the topic, “Perspectives on SEC Strategic

Development Private Limited (the "Developer") ("Marketing Support Service Agreement"). The Developer is a subsidiary of Singha Property Management Company Limited ("SPM"). SPM indirectly holds 95 percent of

business and management business increased 30.89% and 14.04% respectively from the same period of the previous year. It derived from the expansion of rental business at Lumpini Township Rangsit - Klong 1

56.95 40.01 42.17% 3. Income from management business 270.03 257.13 5.02% 4. Total main income 1,820.90 2,790.24 (34.74%) After Revision Statement of financial position as of 31st March 2020 and 31

% since there are no new projects completed in this quarter. However, the gross profit from sale increases 1.60%. At the same time, the income from rental property business and service and management

new directors to hold more than half of the board seat, and will appoint executives to hold key managerial positions, including the Chief Executive Officer (CEO) of the Company. The said Allocation and

more than half of the board seat, and will appoint executives to hold key managerial positions, including the Chief Executive Officer (CEO) of the Company. The said Allocation and Offering of the Newly

1 --Translation-- Sor Gor 106/2017 October 20, 2017 Subject: Management Discussion and Analysis for the third quarter ended September 30, 2017 (Unreviewed) To: The President The Stock Exchange of