) in UK was recognized under Equity Method and separately presented under share of gain (loss) from investment in joint venture. Hotel business recorded a revenue growth of 14% YoY in 4Q17 and 11% YoY in
ongoing major renovation at CentralWorld and the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT”) in December 2017. CPN continues to emphasize on effective revenue
demonstrates the growth resiliency of CPN’s operating results despite the ongoing major renovation at CentralWorld and the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT
expenses increased 1.5% attributed to higher expenses from the renovation of office building. Exchange loss decreased from 4.2 million baht to 1.3 million baht as we implemented new policy to minimize
presentations, to both local and foreign visitors. The iconic attraction is a well-blended component of Central Phuket as the world’s shopping and leisure destination of choice. The major renovation at
Chinese tourists in Chiangmai, competition in market we operate and hotel renovation in Phuket. • Overseas hotels: the revenue increased by THB 13.2 million, or 4% yoy, mostly due to the marketing strategy
investment in renovation of Advertising Media located on the columns under the BTS Sky Trains December 14, 2018 1 Information Memorandum regarding the Acquisition of Assets of Master Ad Public Company Limited
from the decrease of hotel income. Utility costs decreased by Baht 5.0 million and temporary office rental during for the renovation of River Wing building decreased by Baht 7.1 million compared to Q2
driven by the continued growth in construction industry and further renovation/expansion of retail stores and new Shopping complexes despite revenue recognition delays from some turnkey projects to next