strength as well as effort to maintain monetary return in the eyes of shareholders. Page 3 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 The Company has adopted

Management PLC at “A+” with “stable” outlook, which reflects the company’s financial strength as the key raw water provider with a comprehensive pipeline network in the Eastern Seaboard area, rising of water

representative or 360-degree technology. Until now, offering a deep discount to potential customers was not expected because of the Company’s financial strength with Net Interest-Bearing-Debt to Equity at 0.97

customer perception. We continue to focus on delivering fair profitability balancing between short- and long- term drivers while keeping our solid financial strength. Market and Competitive Environment As

Investor Strategies for Incorporating ESG Considerations into Corporate Interactions www.blackrock.com www.ceres.org Century21st Engagement Investor Strategies for Incorporating ESG Considerations into Corporate Interactions [ 5 ] FOREWORD The Value of Our Voice ......................................................................................................................................... 1 How ESG Megatrends Are Shaping Valuation ...........................................................

ข้ึนเช่นเดียวกับกรณีของ บลจ. เช่น ก าหนดให้บริษัทผู้ให้การประกนัภัย ต้องได้รับอันดับความน่าเชื่อถือทางด้านการเงิน (financial strength rating, “FSR”) ไม่น้อยกว่า 4 อันดับแรก และกรณีที่มีข้อก าหนดเกี่ยวกับ

ผูรับประกันภัย ใหผูจัดการเงินทุนสินทรัพยดจิิทัลคำนึงถึงความสามารถใน การปฏิบัติตามสัญญาของผูรับประกันภัยดวย (ก) ไดรับการจัดอันดับความแขง็แกรงทางการเงิน (financial strength rating) ในครั้งลาสุด

conservation) seeking to increase the sustainability of productive and conservation activities in terrestrial ecosystems (e.g. producing food, feed, fiber, fuel and supporting ecosystem services such as soil

this momentum to continue in the quarters to come. 1Q 2018 Highlights  Core EBITDA increased 49% year-on-year to $326 million, driven by strength in all segments and structural improvement in the

continued to produce many more successful movies, proving its strength in this industry. The location comprises of 12,935 Square Meters having capacity for up to 10,950 tourists per day. Mega Bangna is now