slowdown in country economic conditions and rainy season to begin in the third quarter of the year, a slowdown in the real estate sector is anticipated. Nonetheless, the Corporate Group still adheres to its

economy begin to flourish across various areas around Bangkok and provinces, CPN have studied the prospects of new retail formats and innovative concepts and designs of shopping malls to elevate the

% 25,162 8.9% *700MHz license has not yet officially allocated Hence the first payment for the spectrum will begin around Oct - 2020 Total Equity 57,669 20% 62,098 22% Credit Rating Fitch National rating: AA

Company according to the Notification on Connected Transaction. (C) Approved PD to be the property manager of the assets sold to the Trust Approved PD to be the property manager of the assets sold to the

after the Government has relaxed its protection measures by partially reopening department stores and border checkpoints that initially the recovery should begin in the 4th quarter 2020 and slightly

recognized through other comprehensive income (“FVOCI”) and reserve within equity. c) Measurement of other non- current financial assets, the change in fair value measurement of other investment is recognized

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2019 In the first quarter of 2019, the Thai economy continued to

derived from the offering of shares to specific persons (Private Placement) for 1 years from the date on which such shares start to be traded in SET (Silent Period). Hoever, after 6 months from the date on

provided by UE to the UE Group Companies in the form of promissory notes, together with interest thereon, and (c) cash and other assets; and (2) All liabilities of UE, comprising (a) the loan provided by

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended March 31, 2018 In the first quarter of 2018, Thai economic growth gained