LIMITED CMC: CHAOPRAYAMAHANAKORN PUBLIC COMPANY LIMITED COLOR: บริษัท สาลี่ คัลเล่อร์ จำกัด (มหาชน) CPI: CHUMPORN PALM OIL INDUSTRY PUBLIC COMPANY LIMITED CRC: CENTRAL RETAIL CORPORATION PUBLIC 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

COMPANY LIMITED CARABAO GROUP PUBLIC COMPANY LIMITED CASTLE PEAK HOLDINGS PUBLIC COMPANY LIMITED CAZ (THAILAND) PUBLIC COMPANY LIMITED CENTRAL PATTANA PUBLIC COMPANY LIMITED CENTRAL PLAZA HOTEL PUBLIC

COMPANY LIMITED CARABAO GROUP PUBLIC COMPANY LIMITED CASTLE PEAK HOLDINGS PUBLIC COMPANY LIMITED CAZ (THAILAND) PUBLIC COMPANY LIMITED CENTRAL PATTANA PUBLIC COMPANY LIMITED CENTRAL PLAZA HOTEL PUBLIC

COMPANY LIMITED CARABAO GROUP PUBLIC COMPANY LIMITED CASTLE PEAK HOLDINGS PUBLIC COMPANY LIMITED CAZ (THAILAND) PUBLIC COMPANY LIMITED CENTRAL PATTANA PUBLIC COMPANY LIMITED CENTRAL PLAZA HOTEL PUBLIC

COMPANY LIMITED CARABAO GROUP PUBLIC COMPANY LIMITED CASTLE PEAK HOLDINGS PUBLIC COMPANY LIMITED CAZ (THAILAND) PUBLIC COMPANY LIMITED CENTRAL PATTANA PUBLIC COMPANY LIMITED CENTRAL PLAZA HOTEL PUBLIC

COMPANY LIMITED CARABAO GROUP PUBLIC COMPANY LIMITED CASTLE PEAK HOLDINGS PUBLIC COMPANY LIMITED CAZ (THAILAND) PUBLIC COMPANY LIMITED CENTRAL PATTANA PUBLIC COMPANY LIMITED CENTRAL PLAZA HOTEL PUBLIC

COMPANY LIMITED CARABAO GROUP PUBLIC COMPANY LIMITED CASTLE PEAK HOLDINGS PUBLIC COMPANY LIMITED CAZ (THAILAND) PUBLIC COMPANY LIMITED CENTRAL PATTANA PUBLIC COMPANY LIMITED CENTRAL PLAZA HOTEL PUBLIC

COMPANY LIMITED CARABAO GROUP PUBLIC COMPANY LIMITED CASTLE PEAK HOLDINGS PUBLIC COMPANY LIMITED CAZ (THAILAND) PUBLIC COMPANY LIMITED CENTRAL PATTANA PUBLIC COMPANY LIMITED CENTRAL PLAZA HOTEL PUBLIC

COMPANY LIMITED CARABAO GROUP PUBLIC COMPANY LIMITED CASTLE PEAK HOLDINGS PUBLIC COMPANY LIMITED CAZ (THAILAND) PUBLIC COMPANY LIMITED CENTRAL PATTANA PUBLIC COMPANY LIMITED CENTRAL PLAZA HOTEL PUBLIC