’ meeting and the conditions precedent as set out in the shares purchase agreement share subscription agreement have been fulfilled of which it is expected to complete within 20 July 2018. In addition, the

it is expected to complete within 20 July 2018. In addition, the key conditions precedent can be summarized as follows: (1) FPI has obtained the approval for the entry into the transaction from the

the published financial statements to get complete details and understanding. The consolidated financials are based on the elimination of intra-company (or intra-business segment) transactions. For this

is also proceeding according to plan, which was 25% complete by end December. We expect to finish construction of the international school by 1Q 2020. MANAGEMENT DISCUSSION & ANALYSIS 2018 14 FEB 2019

footprint basis Notes We recommend that investors always read the MD&A together with the published financial statements to get complete details and understanding. The consolidated financials are based on the

and complete in all respects. Please be informed accordingly Sincerely Yours, -Signature- (Mr. Teerawit Charuwat) Director and Chief Executive Officer

opinion of the Board of Directors -None- The company hereby certified that the information of this report is accurate and complete in all respects. Please be informed accordingly Sincerely Yours, -Signature

of 5.6% YoY. Major Company Events in 2017 New Shopping Malls in 2017 consists of 2 locations, namely CentralPlaza Nakhon Ratchasima and CentralPlaza Mahachai, as the Center of Life with complete and

strategy, namely “Complete Set of Beauty, Entirely Filled with Diamond Brand”, through every distribution channel, as well as continuous expansion of sales and marketing base in both domestic and overseas to

second half of 2019. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 12 of 12 Table 5: Progress of Future Projects Now >> Project Area Complete by Retail Properties