E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended June 30, 2018 The Thai economy in the second quarter of 2018 gained further traction from the first quarter. The ongoing economic rebound was mainly driven by exports and tourism, whereas domestic spending and investment only gradually picked up. Still, the economy has yet to see strong across-the-board growth. The business sector remained challenged by new modes of competition...

operation will continue to run smoothly and generate cash as forecast, and that the com pany will deleverage its capital structure and be able to control debt ratio as planned after the completion of capital

performance. 2019 and 2021 projections are based on historical 2017-2018 performance and management forecast. The predicted volume is based on legacy and new assets already committed, planned and announced

concession, totaling of 31 years. • GPSC holds 25% of total shares. • Total investment: Baht 136,761 million • SCOD : October 2019 Construction progress of the project continued as planned at 80.9% which

its original plan since the Company originally planned to divest the assets after the completion of construction. The cash flow from disposition of assets will increase Company’s financial liquidity and

originally planned to divest the assets after the completion of construction. The cash flow from disposition of assets will increase Company’s financial liquidity and will be a capital to purchase shares from

months of 2020. Meanwhile, there are still demands from more than 1,000 potential clients in industrial estates at sites which are already in operation or under development. Well-planned FX strategies The

), leasable retail area within office buildings and residential project at 26,163 sq.m. (aggregate occupancy rate at 71%), and 4 undeveloped land plots, 2 of which are planned for mixed-use development projects

land plots, 2 of which are planned for mixed-use development projects and the other 2 planned for residential development. Hence, CPN consolidates G3LAND’s financial performance from September 13, 2018

carried out as planned and expected the new buildings will be ready to be use in 3Q2021. At present, the Company is now adjusting construction drawing, system work, and also working for the environmental