corporates, particularly in the telecommunications sector, as well as from small and medium sized businesses for fixed investment and working capital purposes. There was a notable decrease in demand for

benefit from structurally improving margins and capturing the volume opportunities. IVL has achieved notable progress on multiple strategic fronts and is increasingly well positioned to deliver sustainable

business. In 3Q18, CPN have made notable progresses in the following mixed-use development projects. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 4 of 15

ASIA’S BOUTIQUE AIRLINE Notable Events Airline Business 1. In 2019, the Company has revised flight frequencies due to passenger seasonal demand and has increased flight frequencies, operated new routes

million baht of which loss attributable to the equity holders of the Company was 3,313.4 million baht. Loss per share for the six-month period of 2020 was 1.61 baht. 3 ASIA’S BOUTIQUE AIRLINE Notable Event

STAINLESS WIRE PUBLIC COMPANY LI... MERCEDES-BENZ (THAILAND) COMPANY LIMITED MERCHANT PARTNERS SECURITIES PUBLIC CO... MERMAID MARITIME PUBLIC COMPANY LIMITED MES PRO (1989) PUBLIC COMPANY LIMITED META

TRANSPORT PUBLIC COMPANY LIMITED MENAM STAINLESS WIRE PUBLIC COMPANY LIMITED MERCEDES-BENZ (THAILAND) COMPANY LIMITED MERCHANT PARTNERS SECURITIES PUBLIC COMPANY LIMITED MERMAID MARITIME PUBLIC COMPANY

of THB 7 Million) from increasing crude oil price throughout the quarter. 3. BCP Trading Co., Ltd. recorded a revenue of THB 11,902 million in revenue, the notable growth from Q3/2017 was from the 4

consist of residential projects, office buildings and hotels, in the same complex as the shopping malls to support and maximize the benefits of the latter’s business. In 2019, the Company have made notable

the International Maritime Organization’s (IMO) rule that limit the sulfur content of marine fuels to 0.5% come into effect from 1 January 2020. Crack Spreads Situation (Unit: USD/BBL) Crack Spreads Q2