matters including inability to obtain certification from the company’s management regarding responsibility for the financial statement preparation, inability to audit operating system manual in petroleum

satisfy the audit procedures due to limitation on scope of audit imposed by the PICNI management in various matters including inability to obtain certification from the company?s management regarding

Securities and Exchange Commission No. Sor Shor. 26/2558 Re: Rules, Conditions, and Procedure for Granting Approval of Trust Managers of Infrastructure Investment Trusts and Operating Standards

Page 1 of 7 Management Discussion and Analysis 2018 Executive Summary The operating result of 2018, Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reached total revenue of

Management Discussion and Analysis For the fourth quarter and year ended December 31, 2019 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd, Silom, Bangrak, Bangkok 10500

(Translation) UAC.CS/003/2020 February 27, 2020 Subject: Explanation of the operating results for the year period ended December 31, 2019 To: President The Stock Exchange of Thailand Attachment

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MDA Q1_2018 (Eng.) May 7, 2018 Subject : Interim Management Discussion and Analysis of Q1/2018 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements of

MD&A Q4_2018 (Eng.) February 21, 2019 Subject : Yearly Management Discussion and Analysis of 2018 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements

MDA Q2_2017 (Eng.) August 10, 2017 Subject : Interim Management Discussion and Analysis of Q2/2017 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements