Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary The Company effectively manages all businesses to mitigate the impact of COVID-19

line with its revenue performance which the Company effectively manage cost. Meanwhile, the first six month of 2020 resulting from a cost adjustment to the Belle Grand Rama 9 to accurately reflect the

in line with its revenue performance which the Company effectively manage cost. Meanwhile, the first six month of 2020 resulting from a cost adjustment to the Belle Grand Rama 9 to accurately reflect

well as management discretion to increase additional provision (Management Overlay) above the amount calculated from the model. This will enable the Bank’s provisioning to effectively cope with this

, leading to a decrease in Dubai crude price, effectively widen the DTD Brent and Dubai spread. Average Dated Brent and Dubai spread in Q4/ 2018 lowered by 0. 42 $/BBL compared to Q3/ 2018 with pressure from

to more effectively detect and prevent potential data leaks, and prohibiting the use of USB disk drives, a wide channel for large-scale data leaks. 9 3. Business Directions and Operations of Core

. is operating wind power plants in Nabas, the Philippines (wind power plant of 36 MW in operation, 14 MW in development, and effectively 20 MW installation capacity belongs to BCPG Plc.). 8 | Management

facilitate to process data completely, accurately, and effectively, such as IT equipment, applications, computer network systems, procedures, or information processing areas, etc. 5 Chapter 1: Governance of

completed with international standards and can accommodate large number of tourists effectively with the goal of being No. 1 cultural theme park in Asia and No. 3 of the World, following Disneyland and

tourists and perfectly completed with international standards and can accommodate large number of tourists effectively with the goal of being No. 1 cultural theme park in Asia and No. 3 of the World