“Company” or “we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the nine months period ended Sep 30

” or “we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the three months ended March 31, 2020 as

Operating Results PAGE 11PAGE 11 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4 2019 and FY2019 The gross profit of Independent Power Producer (IPP) increased mainly due to: • The recognition of gross profit from

, Financial Planning, and Liquidity Management For the operating results constrained by the COVID-19 situation, the Company and its subsidiaries net profit for the first half stood at 29,702.60 million Baht and

that the performance of the mutual fund does not depend on the financial status or operating results of the management company or distributor /sales agent; (4) a warning that “Consideration of a draft

results of the new businesses that DTC has invested since last year i.e., full year consolidation of Elite Havens’s luxury villa management revenue, full year net results of NR Instant Produce Company

Central Retail Corporation Public Company Limited Page 1 20 February 2020 Re: Management Discussion and Analysis Operating results for the three-month and nine-month period ended September 30, 2019

Dusit Fudu Hotel Management in China despite better operational results from last year. EBITDA of Hotel Business in 1H18 was increased by 10.9% from that in 1H17 to THB 468 million due to increased

1 (Translation) MD. 108/2017 Aug 7, 2017 Re: Management Discussion and Analysis For the Operating Results ended June, 2017 To: President The Stock Exchange of Thailand Management Discussion and

1 (Translation) MD. 182 /2017 Nov 8 , 2017 Re: Management Discussion and Analysis For the Operating Results ended September, 2017 To: President The Stock Exchange of Thailand Management Discussion