of the depreciation and amortization costs recorded during the financial period. 3. Financial Liquidity and Sources of Capital Funds (1) Liquidity and Cash Flow Cash Flow from Operations of the Company

cash flow. • The Company has recognized selling & administrative expense related to financial instruments, a non-recurring item, amount THB 115 mn. Central Pattana Public Company Limited Management’s

Cash and cash equivalents at end of period 133.91 40.51 Cash flow statement for 9 months of 2020, the company has net cash flow from operating activities of Baht 144.46 million, mainly from profit before

well as any other related fees and expenses). 6. Criteria for determining the investment value Determined by using the discounted cash flow approach. 7. Expected benefits The Company expects to have

between the Company and the Seller for total of Baht 324,999,779.28, which the Company has evaluate in accordance with international valuation standard. The Company views that the discounted cash flow basis

Baht 280,000,000, which the Company has evaluate in accordance with international valuation standard. The Company views that the discounted cash flow basis is the most appropriate method for assessing

fund for the transaction will be derived from (1) internal cash flow of the Company and (2) loans from financial institutions. 2.10. Conditions for Entering into the Transaction and Key Terms of

financial status of the Company and help reduce the financial burden increasing the liquidity and cash flow of the Company. 7. Use of Proceeds from the Assets Disposal Transaction TO repay the debts, decrease

store by using optimal current cash flow. Also, the Company will add more variety of materials to capture the ultra-luxury customer segment and grow customization ability for customers. Minor store

and Analysis for the 2nd Quarter 2018 Page 8 of 13 Liquidity Cash Flow Activities For the six-month period ended June 30, 2018, the Company and its subsidiaries generated cash flows from operating