amounting Baht 60 million and underwriting fee amounting Baht 7 million. Investment Business Investment Business is managed by 3 departments in which Phatra operates direct investment business, by Direct
Society Hill Tianjin (China) and The Beach Club at Lubi Plantation Island, Managed by Dusit (Philippines). Unit: THB mn 4Q18 4Q17 Change FY18 FY17 Change Hotel business 1,298 1,278 20 1.6% 4,626 4,590 36
underwriting fee amounting Baht 37 million. 1 Including SET and mai but excluding proprietary trading 14 Investment Business Investment Business is managed by 3 departments in which Phatra operates direct
proprietary trading 14 Investment Business Investment Business is managed by 3 departments in which Phatra operates direct investment business, by Direct Investment Department (“DI”), with medium to long-term
shareholding proportion and will serve the business expansion in the future. Financial and Operating Performance As of December 31, 2017, CPN managed 32 shopping centers (14 projects in Bangkok Metropolitan Area
SET and mai but excluding proprietary trading 2 Including selling agent fee which receive from subsidiary company 13 Investment Business Investment Business is managed by 3 departments in which Phatra
advisory fee amounting Baht 10 million, underwriting fee amounting Baht 11 million and revenue from tender offer agent of Baht 44 million. Investment Business Investment Business is managed by 2
financial advisory fee amounting Baht 10 million, underwriting fee amounting Baht 11 million and revenue from tender offer agent of Baht 44 million. Investment Business Investment Business is managed by 2