GFPT Public Company Limited Management Discussion and Analysis for the Year 2017 Page 1 of 15 Management Discussion & Analysis Summary of Consolidated Statements of Financial Position of GFPT Public

Consolidated Financial Statements the three-month and the six-month period ended 30 June 2020, which have been reviewed by the Company’s authorized auditor. The Company would like to clarify the operating

GFPT Public Company Limited Management Discussion and Analysis for the Year 2018 Page 1 of 14 Management Discussion and Analysis This MD&A report has been prepared based on the consolidated of GFPT

GFPT Public Company Limited Management Discussion and Analysis for the Year 2019 Page 1 of 14 Management Discussion and Analysis This MD&A report has been prepared based on the consolidated of GFPT

MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 SG&A expense against only 1.5mTHB consolidated EBITDA contribution, since the acquisition was completed only at the very end of the quarter

will be recorded as unearned income in S’s consolidated financial statement and recognized as revenue over 30 years start in Q1’2019. In the meantime, S has invested in 20% shareholding in SPRIME

DISCUSSION & ANALYSIS 3Q 2017 20 OCT 2017 172 80 92 199 108 91 262 173 89 Operating Revenue Billboard Street Furniture 3Q 2016 2Q 2017 3Q 2017 3Q 2017 CONSOLIDATED P&L SNAPSHOT CONSOLIDATED P&L SNAPSHOT 3Q

by SREIT, the Company’s wholly owned subsidiary and REIT manager of SPRIME. Net proceed was recorded as unearned revenue in the Company’s consolidated financial statement and would be recognized as

seaport 6) Railway networks providing a seamless connection between the three seaports The government is developing integrated transportation systems to strengthen Thailand’s role as a major global economic

Company Limited No. 6/2060 held on, October 10, 2017 had considered and approved to buy an integrated piece of land consist of totally 7 title deeds located in Tumbol Bangpongpang, Amphur Yannawa, Bangkok