) 1 (1) Profit for the quarter 9 17 (8) 2.5% 3.9% Consolidated financial information (Unit : Million Baht) 3 Months Change % Change 2 / 3 Operating results by business for the three-month period ended

104.9 2.5 2.4% Cost of sales and services (1,274.4) (1,121.4) (153.0) (12.0%) Gross profit 466.2 350.0 (116.2) (24.9%) Net gain (loss) on exchange rate (17.4) 94.4 111.9 N.A. Gain (loss) on forward

profit of THB 93 million the same period of previous year, representing a decrease of 37%. The details were, as followings; (1) Thai Sugar Business, the company recorded the performance from normal

discontinued operations the amount of Baht 4 0 .2 1 million decrease to Baht 2 6 .6 7 million or 39.88% The portion of discontinued operating profit. The results of operations of the education business group

Analysis Report of the Financial Positions and Result of Business Operations. To : President of The Stock Exchange of Thailand The Explanation and Analysis Report of the Financial Positions and Result of

operating revenue breakdown by business segment (Unit: Million Baht) 2019 2018 Change Change (%) Sales of real estate 9,291 14,599 (5,308) (36) Revenue from hotel business 1,052 904 148 16 Revenue from rental

Nirvana Daii Public Company Limited (“NVD”), a 52%-owned subsidiary of Singha Estate, invested in January 2017. 1Q18 consolidated net profit grew 651% YoY, as the performance incorporated (non-cash) gains

reasons: 1. No share of profit from Hyundai Motor (Thailand) (AH holds 20%) which stopped the business operation since Hyundai Motor Group has started the business operation in Thailand under Hyundai

Telecom Systems Integration and Telecom Service business of Baht 51.02 million, mainly decreasing due to the sale of notebooks and computer servers; - The revenue obtained from Computer Systems Integration

from 11.0 million baht to 3.6 million baht. - Profit before income tax declined 3% from 132.5 million baht to 128.8 million baht attributed to a slight decline in gross margin of Chemical Business in