bring the Company an opportunity to enter into real estate development and retail business adding revenue diversification and minimizing concentration risk in hotel business portfolio. 2018 Capital

% Investment properties 13.93 22.28 (8.35) (37.48%) Property, plant and equipment 653.62 564.97 88.65 15.69% Goodwill 19.38 19.38 - 0.00% Intangible assets 14.41 13.68 0.73 5.33% Deferred income tax assets 5.25

Change THB Mn THB Mn THB Mn %QoQ %YoY THB Mn THB Mn %YoY Tax income (expense) (1.1) 14.6 (9.0) N.A. (

, an increase of 5.2% YoY. 3Q17 Major Events The conversion of CPN Retail Growth Leasehold Property Fund (“CPNRF”) into a new Real Estate Investment Trust (REIT) On 28 August 2017, the Unitholders

serviceability of SMEs, maturity mismatches among businesses, particularly in the real estate sector, and the search-for-yield behavior in the prolonged period of low interest rates that could lead to the

properties for sale 11,298 12,004 12,262 (5.9)% (7.9)% Total assets 3,041,132 2,995,623 2,944,230 1.5% 3.3% * Less deferred revenue Total assets as of June 30, 2017, amounted to Baht 3,041.1 billion, an

/61 14:31 น. 9 Portion of Loans by Business Type Manufacturing and commercial Utilities and services Housing Real estate and construction Agriculture and mining Others Million Baht Loans by Business

2,003,989 (2.1)% 0.9% Net properties for sale 10,767 10,357 11,415 4.0% (5.7)% Total assets 3,087,058 3,175,340 3,076,310 (2.8)% 0.3% * Less deferred revenue Total assets as of September 30, 2018, amounted to

has deployed measures to stimulate short-term spending. Private investment also slowed due to a decline in the real estate sector. Meanwhile, the need for machinery investment was subdued due to lower

Utilities and services Housing Real estate and construction Agriculture and mining Others Million Baht Loans by Business Type * March 2018 December 2017 March 2017 Change (%) December 2017 March 2017