Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 16 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

Energy Earth Public Company Limited (EARTH) the extended deadline for clarifying the information regarding the existence and the fair value of the mining property rights over two mines located in Indonesia

according to the guidelines under (1) as well. If the holding company operates business of various types with a central company performing the role of managing subsidiaries or associated companies in each

the core business according to the guidelines under (1) as well. If the holding company operates business of various types with a central company performing the role of managing subsidiaries or

Equity Coverage Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 1 of 10 Performance Overview Continuous growth in both revenue and net profits, attributed to

COMPANY LIMITED CARABAO GROUP PUBLIC COMPANY LIMITED CASTLE PEAK HOLDINGS PUBLIC COMPANY LIMITED CAZ (THAILAND) PUBLIC COMPANY LIMITED CENTRAL PATTANA PUBLIC COMPANY LIMITED CENTRAL PLAZA HOTEL PUBLIC

Public Company Limited To President The Stock Exchange of Thailand Reference GPSC’s letter No. 10040000/021/58 dated on August 26, 2015 regarding the project of Central Utility Plant 4 or Central Utility

Central Retail Corporation Public Company Limited Page 1 20 February 2020 Re: Management Discussion and Analysis Operating results for the year ended December 31, 2018 To: President The Stock

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary The Company effectively manages all businesses to mitigate the impact of COVID-19

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 16 Executive Summary The Company implemented proactive measures to timely manage the situation rapidly