Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

of the company’s subsidiary (SUTG Global Company Limited). As of 30 June 2019, the loss in impairment of investment in a subsidiary was realized in sum of Baht 80.74 million. Moreover, there was a plan

7.0% Page 4 In the recent year, Thailand's power development plan for 2018 to 2037 (PDP 2018) was approved by the National Energy Policy Council (NEPC) on 24 January 2019 and by the cabinet on 30 April

transfer, according to an Entire Business Transfer Plan between the Company and a new incorporated limited company, SUT Holding Company Limited (“SUTGH”). SUTGH shall have three shareholders, which are

Channel Agency Co., Ltd. The Share Acquisition Transaction mentioned above will be entered into by the Company when the conditions precedent specified in the share purchase agreement are fulfilled. Upon

was high, such as depreciation from the purchase assets agreement which the assessor has considers in lifetime of assets as not many with compared to the value of assets that is high price, as a

Corporation and its subsidiaries (“Toshiba Group”) and Long-Term Service Agreement of Gas Turbines (the “LTSA Contracts”) with Siemens Limited and other relevant agreements. 2 The project investments are in

Ratchadamri, Bangkok. In June 2020, the Company made one more management agreement to operate the deluxe Dusit Beach Resort Guam located in the U.S. territory of Guam while terminated one management agreement

official launch of the DEAN & DELUCA Performance Bar launching in Q3. In May, Galaxy Group officially signed a franchise agreement to open their first location in Macau Financial Summary Statement of

DEAN & DELUCA Performance Bar launching in Q3. In May, Galaxy Group officially signed a franchise agreement to open their first location in Macau Financial Summary Statement of Financial Performance