(approximately THB 2,762.96 million, using the exchange rate of 0.0013 THB/VND, based on average rate of commercial banks as published by Bank of Thailand on 7 August 2019). The share transfer was completed in end

Committee, the Bank of Thailand, had cut the policy rate twice, from 1.75% p.a. down to 1.50% p.a. in August, and cut again to 1.25% p.a. in early November. This is the lowest rate, almost equivalent to the

-current assets Restricted bank deposits 46.18 2.17% 46.18 1.97% Investment in associate 11.19 0.53% 9.67 0.41% Long-term investment 4.02 0.19% 3.51 0.15% Property, plant and equipment 583.97 27.42% 544.27

0.000 ¢Í§ÁÙŤèÒ·ÃѾÂìÊÔ¹ÊØ· Ô̧ ¤èÒ¸ÃÃÁà¹ÕÂÁ¸¹Ò¤Òà (Bank Charge) à»ç¹¨Ó¹Ç¹à§Ô¹ 0.86 ºÒ· (˹èÇ : ¾Ñ¹ºÒ·) ËÃ×ͤỐ à»ç¹ÃéÍÂÅÐ 0.000 ¢Í§ÁÙŤèÒ·ÃѾÂìÊÔ¹ÊØ· Ô̧ ¤èÒ«×éÍàªç¤ (Cheque Expense) à»ç¹¨Ó¹Ç¹à§Ô¹ 0.93 ºÒ

¹ÊØ· Ô̧ ¤èÒ»ÃÐกÒÈ NAV ã¹Ë¹Ñ§Ê×;ÔÁ¾ì (Publication Of NAV& ETC.) à»ç¹¨Ó¹Ç¹à§Ô¹ 1.05 ºÒ· (˹èÇ : ¾Ñ¹ºÒ·) ËÃ×ͤỐ à»ç¹ÃéÍÂÅÐ 0.002 ¢Í§ÁÙŤèÒ·ÃѾÂìÊÔ¹ÊØ· Ô̧ ¤èÒ¸ÃÃÁà¹ÕÂÁ¸¹Ò¤Òà (Bank Charge) à»ç¹¨Ó¹Ç¹à§Ô

§ÁÙŤèÒ·ÃѾÂìÊÔ¹ÊØ· Ô̧ ¤èÒ¸ÃÃÁà¹ÕÂÁ¸¹Ò¤Òà (Bank Charge) à»ç¹¨Ó¹Ç¹à§Ô¹ 0.10 ºÒ· (˹èÇ : ¾Ñ¹ºÒ·) ËÃ×ͤỐ à»ç¹ÃéÍÂÅÐ 0.000 ¢Í§ÁÙŤèÒ·ÃѾÂìÊÔ¹ÊØ· Ô̧ ¤èÒ«×éÍàªç¤ (Cheque Expense) à»ç¹¨Ó¹Ç¹à§Ô¹ 0.98 ºÒ· (Ë

คบัตั้งแตวนัที ่ เปนตนไป ขอ 2 ในประกาศนี ้ “ผูประกอบธุรกิจ” หมายความวา ผูประกอบธุรกิจหลักทรัพยหรือผูประกอบธุรกิจ สัญญาซื้อขายลวงหนา “ธุรกิจทางการเงิน” หมายความวา ธุรกิจธนาคารพาณิชย ธุรกจิหลัก

(MPC), Bank of Thailand, had cut the policy rate 3 times, from 1.75% p.a. down to 1.00% p.a. in February 2020. This is the lowest record, lower than the rate during 2009 following the Hamburger crisis

assets 575 565 1.9% Total non-current assets 2,679 2,805 (4%) Total Assets 4,156 4,668 (11%) Bank overdrafts and short-term loans from financial institutions 1,439 1,536 (6%) Account payables 373 413 (10

Page 1 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 Executive Summary Bank of Thailand, in late March 2020, slashed its forecast for Thai economy from the