1 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 Management Discussion and Analysis Q1-2020 14 May 2020 KEY EVENT IN Q1-2020 After UWC announced a corporate and business strategy restructuring in

of 11.89 million baht, as the Company announced to the Stock Exchange on July 8, 2024. Additional clarification as follows: 1. The company has stopped the fresh fruit export business since July 24

amount of approximately 7.7 million baht in order to comply with the Labor Protection Act, revised and announced in 2019. Beside, company and its subsidiaries recorded the profit sharing to non-controlling

provision in first quarter of the year for the additional employee benefits at the amount of approximately 7.7 million baht in order to comply with the Labor Protection Act, revised and announced in 2019. 1.1

to the decline in traffic of both OPD and IPD causing by the COVID-19 pandemic and the state of emergency announced by the government to prevent the spread of infection. However, revenue of World

contracted. In 1Q2020, hospitality business of Singha Estate Public Company Limited (“the Company”) was also significantly impacted by COVID-19. Essentially, government announced the lockdown measure to

additional employee benefits at the amount of approximately 7.7 million baht in administrative expenses in order to comply with the Labor Protection Act, revised and announced in 2019. The profit before

comply with the Labor Protection Act, revised and announced in 2019. 1.1 Revenue For the period of three months ended 30th Sept 2019, the Company and its subsidiaries had revenue from sales and service of

adjustments), as set out in the last financial statements published by Permata prior to the closing of the Transaction. 4. Source of Funds The Bank expects the Transaction to be financed via combination of

eligible assets for investment, and being transparent and published appropriately). Gold price Part B: Information on the CIS Operator 10) Name of CIS Operator