Unit” with Thai Oil Public Company Limited following “Growth along with PTT Group” strategy The company conducted studies with Thai Oil Public Company Limited (Thai Oil) to seek for business expansion

million due to weakening of the Thai Baht against the US Dollar. 4. Statement of financial positions • Total assets As of 31 March 2020, the Company has total assets amounting to THB 15,320 million which

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

mainly came from unrealized exchange rate of receivable under finance lease of Natural Gas Power Plant. At the end of the first quarter, Thai Baht is depreciated compared to exchange rate as of end of 2019

quarter, Thai Baht is appreciated compared to exchange rate as of end of the first quarter, the Group has loss on exchange rate. But Thai Baht as of the end of third quarter compared to end of second

Company has recorded an allowance for expected credit losses (Allowance for doubtful accounts) for receivables overdue in accordance with the Thai Financial Reporting Standards No. 9 “Financial Instruments

. Overview According to the Bank of Thailand and Office of the National Economic and Social Development Board data, the Thai economy in the third quarter of 2021 contracted by 0.3% (y-y) compared with a 7.6

to a loss on foreign currency exchange of Baht 31.0 million in Q4 2021, caused by appreciation of Thai Baht. This loss on foreign currency exchange was mainly associated with the USD loan related to

spare parts for the under-developed projects to foreign suppliers. During the fourth quarter of 2022, Thai Baht was appreciated compared to exchange rate during the third quarter of 2022 which led to the

-ร่าง- (UNOFFICIAL TRANSLATION) Codified up to No. 5 As of 28 November 2018 Readers should be aware that only the original Thai text has legal force, and that this English translation is strictly for