lower transfers of condominium units, and decline in hotel revenue based on market conditions. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Consolidated Financial
behavior shifts OOH and online, so too will advertiser spending allocation. Hence, it is expected that advertising expenditures in the TV sector and traditional media to continue to decline and be surpassed
implemented a series of actions to reduce transmission, including the following: arranging for associates to work at home where possible; working alternate days and shifts; allocation of flexible working hours
with the increase of successful ownership transfers from 9 completed developments and including additional incomes from (sold units) deposits due to an increase of units that were unable to transfer
catered towards both locals and foreign tourists. Condominiums launched in 2016 are in the middle of ownership transfers, which is ongoing as planned. In 2018, CPN launched a condominium project, Phyll
management and cleaning services which was in line with the increase of successful ownership transfers completed developments and including incomes from deposits (of sold units) due to an increase of units
revenue from the property management and cleaning services which was in line with the increase of successful ownership transfers from 6 completed developments and including additional incomes from (sold
same period in the previous year (YoY). The main difference came from the transfer of residential units between both years as the majority of the transfers will be made towards the second half of this
cleaning services which was in line with the increase of successful ownership transfers completed developments and including incomes from deposits (of sold units) due to an increase of units that were unable