structure The Company continues to emphasize the efficiency of management of financial structure, be flexible in time of economic fluctuation and maintain financial costs to be appropriate for business

-term fundamental to our bolstering visibility of energy drinks under Carabao trademark and widening business opportunity in the global spotlight. 1 Revenue from sales For the year ending 31 December 2017

those businesses. The assessment was made for the purpose of recording the fair value of the Company's and PRE's investments in PP1 and PP3. The Company, therefore, emphasize in asset value by comparing

emphasize on growing market share to become the leading brand in Thailand by stressing importance on effectiveness of corporate communication on both media advertising and promotional spending, as well as

launched on . . The Group emphasize encouraging to customers aware about the quality water and new technology of water system and innovative of disinfection for food and beverages industrial, through the

projects and maximize brand value. For example, the Company will focus on franchising businesses to grow the brand both domestic and international. This attempt will emphasize countries where there is

which quarterly sales hit the record high in this quarter. Moreover, the Company still put an emphasize on repeating the success of Carabao energy drinks in other countries and expanding the international

entering the Company’s properties. Page 5 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 Additionally, the Company puts an emphasize on efficient cost management to

pastry is also expected to meet the needs of customers who love trying new and unique products. Emphasize on Increasing the Number of Pop-up Stores in Bangkok and Other Provinces The Company has been

IT automation, enabling autonomous monitoring, maintenance, predictive data analytics, and artificial intelligence capabilities. With these, we emphasize driving growth in core service revenue across