Page 1 of 17 (-Translation-) No.DO 004/2563 February 12, 2020 Subject: The Acquisition and Disposition of Assets to Real Estate Investment Trust of M.K. Real Estate Development Public Company Limited

Group entered a sublet agreement of Hilton Pattaya Hotel with CPNREIT after the transfer of the asset into CPNREIT was completed. Revenue from sales Revenue from sales of real estate comprises the

the real estate project has been completed and transferred to the customers after completion of the payment. Despite the sales of assets in the previous year there are remaining backlog and inventories

, increased by 66% as compared to the same period of last year of 201 million Baht as a result of impairment of fixed asset of 113 million Baht, provision regarding closure of one store in the United States and

sales of real estate 1 1,056.58 1,493.92 (29.27%) Note 1 64% of the income from sales of real estate is recognized from residential condominium projects and 36% from single house projects. The details are

the consideration 1,730 Million Baht which is 111.74 % of the total value of the total asset. The consolidated financial statements of the company as at 28 February, 2017 (1,548.22 Million Baht) The

Management Discussion and Analysis For six-month period ended June 30, 2020 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd., Silom, Bangrak, Bangkok 10500 Thailand Tel: 0

great emphasis on effective revenue generation from new malls, asset enhancement, coupled with efficient operating costs management. Currently, CPN manages 30 shopping malls with the net leasable area

- Translation - Page 1 of 14 Information Memorandum on the Acquisition and Disposition of Assets to Real Estate Investment Trust of Finansa Public Company Limited The Board of Directors Meeting of

the entire ordinary shares of Leyland Company Limited (“Leyland”) from its existing shareholders of Leyland by Fancy Asset Company Limited (the “Subsidiary”), the subsidiary of the Company. The Company