1 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 Management Discussion and Analysis Q1-2020 14 May 2020 KEY EVENT IN Q1-2020 After UWC announced a corporate and business strategy restructuring in

. Due to the company has the potential of investment capital, debt collection systems and human resources in operation. Including being a business partner with financial institutions in help keep track of

Protection Policy applies to the business operators who have been licensed by the SEC Office, the market professionals who have been approved by the SEC Office, other persons approved by the SEC Office, as

reasons: 1) Automotive Parts Business; Higher order, new model launch started in Q3 last year, new product launch which started in Q3 last year and added up export volume this year, continued order from

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

cash equivalents increased from the exercise of rights to convert warrants to ordinary shares for the period, trade and other receivables decreased from repayment from foreign customers, other current

16.9% and 40.1% respectively. Main current assets include cash and cash equivalents, short term investment, trade and other current receivables, inventories, other current assets. Non Current Assets The

sector. 2. A decrease in trade accounts receivable at amount of Baht 24.51 million due to the impairment of trade receivables increased by Baht 55.07 million (according to Thai Financial Reporting

and trade and other receivables and contract assets. As at 31 March 2022, total assets were THB 648.58 million, decreased by THB 1.03 million or -0.16% from 31 December 2021. Total liabilities Total

606.12 598.42 (7.70) -1.27% Total liabilities 73.57 63.94 (9.63) -13.09% Total equity 532.56 534.48 1.93 0.36% Total assets Total assets were mainly consisted of cash and cash equivalents and trade and