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JAS Asset Management Discussion and Analysis, Q3/2019 Page 1/4 - Translation - No. J62/010 13 November 2019 Subject: Management Discussion and Analysis, 3rd Quarter Ending 30 September 2019 To

, 52 SILOM ROAD SURIYAWONG, BANG RAK, Bangkok 10500 Tel.022666698 Fax.022666697 5 ABERDEEN ASSET MANAGEMENT (THAILAND) LTD. 179 BANGKOK CITY TOWER BUILDING,28TH FLOOR, SOUTH SATHORN ROAD, THUNG MAHA MEK

with the Company, major shareholders, director and management of the Company. People Park Company Limited Business :Operate business for rent, sell, buy and operate real estate and property Project

development, study into value-accretive merger and acquisition (M&A) opportunities, as well as apply efficient cost management to its businesses. Furthermore, CPN is currently considering asset transfers into

Revenue 341,188 252,137 89,051 35.32 Gross Profit 186,351 136,320 50,031 36.70 Gross profit margin (%) 54.62 54.07 0.55 1.02 Golf Services & Property Management Revenue 160,157 141,745 18,411 12.99 Gross

RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2/2017 EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND

(67.55) (10.61%) 1,283.52 1,146.76 (136.76) (10.65%) EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2/2018 EASTERN WATER RESOURCES

(119.28) (6.39%) EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2018 EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY

(69.21) (10.69%) EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2018 EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY