Company also aware of the current situation and has adjusted operations to maintain revenue growth along with consistently enhanced quality and capability of service under cost-effective management to

strength as well as effort to maintain monetary return in the eyes of shareholders. Page 3 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 The Company has adopted

outlook as a result from COVID-19 pandemic, MACO will ensure to maintain our leadership in the outdoor advertising network in Thailand through professional management of PlanB. As for focal strategy of MACO

. The Company attempt to maintain a faster inventory turnover, where raw material (CPO) and product (Biodiesel) were stocked between 15-20 days in 2021. Also, the Company emphasis on efficiently control

to weak spending affecting mobile operators to maintain offering low-unlimited plans to keep their customer base. In addition, as mobile operators have attempted to increase their 5G adoption, there

maintain inventories turnover rate between 15 - 25 days for alleviates the impact of the fluctuation of CPO on the Company’s performance. Revenue 1. Revenue from Sales and Services For 3rd quarter of 2022

from diminution in value of inventories amounting of 14.00 million Baht. However, the Company determined the policy that focused on the management of raw material (CPO) by trying to maintain inventories

maintain under the terms (if any)3 Payment Default History No Yes If yes, please explain 2 Specify the calculation formula for ICR and DSCR. 3 Specify the conditions for maintaining the financial ratio under

) the auditor cannot make rectification to maintain qualifications under Clause 23 within the time period specified by such clause; (5) in cases where any auditor attached to an audit firm which does not

that information technology systems of derivatives exchanges are effective and secured so that they can maintain confidentiality, accuracy, credibility of information, remain active for use, and properly