appropriate persons to be the substitute attorney in fact to perform the above. Please be informed accordingly, Sincerely yours, Singha Estate Public Company Limited // (Mr. Naris Cheyklin) Chief Executive

Directors on the Transaction The Board of Directors of the Company opines that such transaction is appropriate and beneficial for the Company and resolves to approve the transaction. 11. Opinion of the Audit

placement. 8. Opinion of the Company’s Board of Directors regarding the entering into the transaction The Board of Directors has the opinion that such transaction is appropriate and beneficial to Company and

of securities company, or the issuer within appropriate time. A securities company shall not claim the benefits of the client without an order or consent of the client in writing. CHAPTER II Record of

issuer within appropriate time. A securities company shall not claim the benefits of the client without an order or consent of the client in writing. CHAPTER II Record of Particulars of Client’s Assets

from higher current portion of debts which due to roll over this year which reflecting the higher policy interest rate. However, the Company has an appropriate capital management to optimize the

increase of policy interest rate. However, the Company has an appropriate capital management to optimize the efficiency of funding cost and the reduction of interest-bearing loans, along with liquidity

macroeconomic outlooks, but remained being at appropriate level. Liabilities The consolidated liabilities of the Company as of February 29, 2024 totaling 67,437 million baht, a decrease of 6% from last year

opinion that the Transactionhas the potential to generate income for the Company as well as appropriate benefits for the Company and shareholders, because it will enable it to expand its business by

potential to generate income for the Company as well as appropriate benefits for the Company and shareholders, because it will enable it to expand its business by engaging in the separation and disposal of