from M Silom, Manor Sanambinnam and Reflection Jomtien Beach Pattaya. - Revenues from hotel operations in Q3/2018 amounted 62.40 million baht slightly decreased by 3.30 million Baht or 5.02% from 65.70

Acquisition and Disposition) and the announcement of the stock exchange of Thailand Re: Disclosure and the operations of listed companies in the acquisition or disposal of assets B.E. 2547. The calculated size

. As a result, the purchase of the shares will resulted in the Company be a 100% major shareholder in the company and being able to fully control the operations and management. What is more, the Company

resource management expense. As a result, the purchase of the shares will resulted in the Company be a 100% major shareholder in the company and being able to fully control the operations and management

Execution of the Transactions This represents renewal of the space lease agreements in continuation of the existing agreements to ensure continued business operations in respect of office building lease. 7

in providing the underling services. 6. Opinions of the Audit Committee The Audit Committee has opined that services provided by HCDS are beneficial to CPN’s business operations. HCDS’s know-hows and

1 / 3 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the three-month period ended 31 March 2020

36.3% YoY to THB 1,992mn, predominantly due to the increase in revenue from hotel operations as a result of the hotel portfolio expansion, together with revenue from the termination of hotel management

both project sites and also head quarter office thus business operations can continue. Please be informed accordingly, Yours sincerely, …………………………………… Paitoon Gumchai Director and The Company’s Secretary

reasons are the decrease in cash and cash equivalents used in operations and transfer some of real estate projects under development to revenue from sales of real estate during the current period. Total