Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 September 2024 of the Company and the subsidiaries (“the Group”) as follow

Page 1 of 6 Performance Overview In 2017 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a consolidated net profit of Bt572mn, representing a growth of 236% YoY with

) Net Profit (Loss) (72.28) 42.70 (114.98) (269.26) Earnings per share (Baht per share) (0.02) 0.01 (0.03) (269.26) Net Profit The company and subsidiaries realized net loss of Year 2017 ended as of

cost -2.27 -0.53 1.74 329% Income tax expenses -3.90 -3.81 0.09 2% Net income for period 21.02 25.01 -3.99 -16% Earnings per share (THB) 0.07 0.08 -0.01 -16% Golden Lime Public Company Limited 6

Baht or 5.72% compared to same period of 2017) due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 580.63 million Baht, decreased by

offering of warrant to purchase ordinary shares of the Company to existing shareholders and joint ventures in subsidiary. (Edited) To: The President The Stock Exchange of Thailand Enclosure 1. Capital

108,803,656 133,755,071 (24,951,415) (18.66) Net Profit (Loss) (72,320,514) (72,280,526) (39,988) (0.06) Earnings per share (Baht per share) (0.015) (0.016) 0.001 6.25 Net Profit (Loss) The Company and

84.56 70.79 13.77 19% Earnings per share (THB) 0.28 0.24 0.05 19% Golden Lime Public Company Limited 5 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2018 3.1. Analysis of Q4 2018 in

the Company’ s net profit in 2018 in an amount of 148.71 million Baht which was recorded in retained earnings in a full amount because the Company did not pay the dividend in 2018. At of the end of the

Operating Results for the Company and its subsidiary 1.1 Analysis of Operating Results for the Company and its subsidiary Table 1: Overall operating results for the year 2019 (Unit: Thousand Baht