Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Management Discussion and Analysis Economic overview The tightening of COVID-19 containment measures in

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

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

company cause the relevant executive or personnel who is responsible for such non-compliance to leave so as such person is no longer be related with the management company. Clause 6. The Office shall

may be granted permission from the Office only when the management company cause the relevant executive or personnel who is responsible for such non-compliance to leave so as such person is no longer be

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

second largest major shareholder at the time, had known the inside information that a subsidiary of Central Retail Corporation Public Company Limited (CRC) was in the process of acquiring all securities