the business since 2017 and the fact that the Thai Baht value appreciated against US Dollar, the Company had loss on exchange rate, resulting in a decrease in net profit ratio (ROS) from 19.92% in the

Extraordinary General Meeting (EGM) resolved to approve the acquisition of 75% in VGI Global Media (Malaysia) Sdn. Bhd (“VGM”) with a total investment value of THB 360mn. This transaction is expected to complete

projects that are ready to be handed over in Q1/2020 There are 2 projects of the Company and subsidiary company completed in Q1/2020 with the combined value of 1.86 billion THB, namely, 1) Residential

Financial Results: 1Q18 Major Events Performance Business Plan Document Quick Link Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 2 of 12 Major Events in 1Q18 The

was high, such as depreciation from the purchase assets agreement which the assessor has considers in lifetime of assets as not many with compared to the value of assets that is high price, as a

2018, Master & More Company Limited (“Master & More”), a wholly-owned subsidiary of MACO, has acquired all remaining shares of 20% in Open Play Company Limited (“Open Play”) with a total investment value

subsidiaries recorded allowance for non- movement inventories in amount of THB 2.88 million and allowance for decline in value of inventories in amount of THB 29.97 million which accounted only 0.92% of total

Ratio 1 (times) 1.63 1.54 1.81 Quick Ratio 2 (times) 0.53 0.37 0.57 Cash Ratio 3 (times) 0.67 0.68 0.80 Account Receivable Turnover 4 (times) 17.65 17.27 17.78 Average Collection Period 5 (days) 20 21 20

foreign exchange gain (loss) has taken into account fair value valuation of derivatives in accordance with TFRS9. 3. Adjusted Net Income is net profit attributed to the Company excluding "fair value of

increase in retained earnings in amount of THB 145.92 million. The consolidated book value as at March 31, 2018 was THB 9.75 per share, slightly increased from THB 9.63 per share as at December 31, 2017