Analysis, Q2/2018 Page 2/3 Q2/2017 Q2/2018 %Change 6M/2017 6M/2018 %Change MB % MB % Administrative Expenses 243.1 378.6 135.5 55.7% 534.0 896.6 363 67.9% Operating Expenses 335.7 215.6 -120.1 -35.8% 558.3

Development and consultant fee for tourism at Baht 3.56 million. Income tax (expense) revenue For the 3 months period (quarter 2/2018), the Company has deferred tax expense at Baht 0.30 million which decreased

operating performance of the Company for the Quarter 2/2020 ended 30 June 2020 are as follows: The Company earned THB 275.9 MB and THB 190.3 MB in Q2/2020 and 2019 respectively, an increase in total revenue

Operating Results In 2Q20, the Company reported total revenue of THB 424 million; decreased by THB 845 million or 66.6% YoY, which 23.6%, 13.4%, 4.0% and 59.0% of total revenue were from Hotel Business

. Management Discussion and Analysis 2.1. Selected Financial Position and Operating Results 2.2. Cash Collection from NPLs and NPAs Management Businesses 2.3. Vintage Analysis 2.4. NPLs by Portfolio

reported under share of gain/loss from investment in joint ventures. Page 4 of 8 Singha Estate Public Company Limited Management Discussion and Analysis 3Q2019 9M19 operating performance of Hospitality

Built-to-Suit and Ready-built facilities. Industrial Development Business Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Revenue 460.6 1,789.8 1,329.2 288.6% Gross Profit 116.5 949.2 832.7

same period of last year. Industrial Development Business Q1 2018 Q1 2019 Increase/(Decrease) THB mm THB mm THB mm % Revenue 416.2 421.2 5.0 1.2% Gross Profit 181.6 186.8 5.2 2.9% Gross Profit Margin

operating results of the Company and its subsidiary, please kindly find the following attachment. Please kindly be informed accordingly. Yours faithfully, Mr. Geza Emil Perlaki Managing Director For period

health and esthetics. 2. Overview of operating results for the year 2019. Thai’s economic has trend to growing lower continuously, Not only exporting business but Travelling business also have trend to