776 million Baht. The decrease was attributed to less number of executives and manpower at corporate level and less marketing spent. Finance Costs In Q1 2018, the Company had total interest paid of 304

manpower to support its growth after the crisis. Office Business Office segment is not directly affected by COVID-19 because all tenants are long-term tenants. The Group has measures to assist the tenants by

out cost control policies seriously and continuously, whilst still maintaining optimal staffing plan. This will ensure that the Company has enough manpower to support its growth after the crisis. Office

which offsets a rise in the expenses under current operation of THB 7 million in line with the number of employees increasing according to manpower and salary adjustment policy under human resource

whiling capable of using more efficient operating system by applying CCPH’s data system control know-how in seeking to even lower the operation expense through fewer manpower yet with higher efficiency

E_1 Legal_FA_2015_12_29-c A CCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended June 30, 2017 The global economy in the second quarter of 2017 maintained its growth momentum. Similarly, Thailand’s major economic indicators continued to exhibit growth, as evidenced by brighter exports, government spending and private spending on certain items of durable goods. The Thai economy hence showed ongoing improvement from the first quarter. Nonetheless, the...

E_1 Legal_FA_2015_12_29-c A FFeeCCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended September 30, 2017 The Thai economy maintained steady growth in the third quarter of 2017, buoyed largely by tourism and exports. Nonetheless, the economic recovery was not broad-based, as evidenced by sluggish private consumption. While certain businesses were still fragile, others remained mired in uncertainty in terms of new modes of competition, a broader market...

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...