household debt including lower household income especially in the non-farm sector limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first eight months of

debt including lower household income especially in the non-farm sector limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first 9 months of 2019

, Bangpongpang Sub-district, Yannawa District, Bangkok (“the land with notice of offer to purchase”) with total areas of 6 rais 66.40 square wah (2,466.40 square wah) at the purchase price of THB 375,0000 per

Exchange of Thailand on December 16, 2019, and the transition from state enterprise to a fully commercialized public company. The main objective is to establish the efficiency and strength to our core

as well as conducting e-commerce business and online and offline advertising media, in the total number of shares not exceeding 120,808,387 shares equivalent to 33.05 percent of the total outstanding

at 17.0 percent of total passenger. In the second quarter, total revenue of the Company was 6,077.4 million baht, dropped by 4.2 percent from the same period last year. The decreasing revenue was

affixed.” 3. Approval for disposal of “Komchadluek” business and trademark to Nation Broadcasting Corporation Public Company Limited (“NBC”) in the total value of 70.00 million Baht having details as

/2019 YoY QoQ Total Revenue 44,226 48,781 45,535 3% -7% Accounting EBITDA 3,023 (317) 1,959 -35% 717% Refinery and Trading Business Group 1/ 1,279 (1,419) 517 -60% 136% Marketing Business Group 2/ 735 465

appraisal company in the capital market and the main appraiser Obligation of Asset : None 4. Total value and methods used to determine the total transaction value 4.1 The Acquisition and Disposal of Assets

Page 1 of 7 Management Discussion and Analysis 1Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 1Q19 Total revenue of THB 3,000m, increased by 167% YoY. The