Limited Management Discussion and Analysis for the Second Quarter ended 30 June 2017 Page 4/22 improved consumer confidence and income of farm households. These drivers combined to support growth momentum

households. These drivers combined to support growth momentum and helped offset the still lingered at a low level of private investment and contracted in public spending. As the momentum from the above

system will be able to continue to support the quality of loans in the system. Fee income from fund transfers in 2017 will be impacted by the government's National e- Payment scheme to encourage a

significant case effect to the security of the information technology [M] · proving a method or compliance guideline support to compliance with the prescribed policy [M] · determining clearly duties and

without delay in case appeared that have significant case effect to the security of the information technology 1 [M] o proving a method or compliance guideline support to compliance with the prescribed

, office buildings and hotels, in the same complex as the shopping malls to support and maximize the benefits of the latter’s business. In 2019, CPN have made notable progresses in the following mixed-use

concerning the categories of news and content that the Company has expertise in, and production of program contents, including the relevant businesses which have a potential for growth and support the

the year and from additional government measures to support low-income households, although these may gradually decrease. Private investment was also expected to slow down due partly to a decline in

in operation and had a negative cash flow and shareholders’ equity. The disposal of the above asset helps reduce the Company’s burden of providing financial support to NML for its business operation

potential in mixed-use development projects, which consist of residential projects, office buildings and hotels, in the same complex as the shopping malls to support and maximize the benefits of the latter’s