at September 30, 2017 and the end of 2016 were Baht 21,079.7 million and Baht 21,354.1 million respectively, and equal to 87.6% and 87.5% of Total Assets respectively. Non-Current Assets primarily

economy continues to grow steadily despite a decline in export growth, primarily driven by a slowdown in global economy growth. Growth to the Thai economy is attributed to a number of factors, namely 1

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 14 Executive Summary CPN’s revenues continues to grow primarily from strong shopping mall performance

production was 2,730 thousand tons, 14% YoY increase, driven by contribution from new and existing volumes. 3Q 2018 operating rate was 89%, down 5% from 92% in 3Q 2017, primarily due to addition of 1.8 million

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 16 Executive Summary CPN’s revenues continues to grow primarily from strong rental business performance

average premium of around US$185/t of PET (Shale to PET) over Asian margins (Naphtha to PET). This comes primarily from the cost advantage over naphtha that shale gas brings, allowing IVL to create industry

demand in this quarter was lower qoq, primarily due to low seasonal demand from post New Year Gifting Season and Chinese New Year. On qoq basis, 1Q2018 Market P2F of FA was relatively flat which amounted

2017 same period in Golden Lime consolidated. Similar to Q3 2018, the revenue was primarily from core business without significant contribution from engineering – actually Engineering has a negative

primarily due to: • Revenue from sales and cost of goods sold The total sales volumes and total production volumes were lower than last year mainly due to the termination of tolling agreement with G Steel

2018 primarily from higher trade and other payable of THB 698 million. As of 31 December 2019, the Company had total shareholders’ equity of THB 18,023 million, a decrease of THB 280 million (or -1.5