Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Performance Overview Revenues and profits grew solidly. 2 new shopping malls: CentralPlaza Nakhon Ratchasima and

and targeted to lead to $350 million in run-rate cost savings by 2023. These initiatives and the strategic acquisition of the Huntsman Integrated Ethylene and Propylene Oxide (EO & PO) assets (code

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

higher portion of preform sales in Egypt. Olefins (Ethylene, PEO, MEG and related derivatives) Olefin segment accounted for 1% of total production and 1% of total Core EBITDA in 1Q19. Production was 30

basis from higher portion of preform sales in Egypt. Olefins (Ethylene, PEO, MEG and related derivatives) Olefin segment accounted for 1% of total production and 1% of total Core EBITDA in 1Q19

Oxides (ใชเ้พ่ือผลิตฉนวนกนัความ ร้อนและโฟม) ซ่ึงความตอ้งการทัว่โลกเพ่ิมข้ึนประมาณร้อยละ5 การเขา้ซ้ือกิจการปลายน ้ าชั้นน าซ่ึงมีทั้ง Ethylene Oxide และ Propylene Oxide คร้ังน้ี ถือวา่บริษทัก าลงัสร้าง

developing such branch, which HHC shall be entitled to decide for branch within 10 years) Zone Branches Franchise Period Eastern Zone where HHC already decided for branch development 9 2018 - 2029 Central Zone

the branches 9 2018 - 2029 Central Zone where HHC already decided to operate the branches 7 2018 - 2029 Bangkok Zone where HHC already decided to operate the branches 5 2018 - 2029 Eastern, Central, and

G20 Finance Ministers and Central Bank Governors September 2015 G20/OECD PRINCIPLES OF CORPORATE GOVERNANCE © OECD 2015 3 Note by the OECD Secretary-General G20 Finance Ministers and Central Bank

ริ่ง เน็ตเวิร์ค จำกัด (มหาชน) CENTEL: บริษัท โรงแรมเซ็นทรัลพลาซา จำกัด (มหาชน) CPN: CENTRAL PATTANA PUBLIC COMPANY LIMITED CRC: CENTRAL RETAIL CORPORATION PUBLIC COMPANY LIMITED CSP: CSP STEEL CENTER