Analysis (MD&A) Page 4 of 14 Financial and Operating Performance in 2Q19 (1) Assets under CPNREIT comprises 5 shopping malls, namely CentralPlaza Rama 2, CentralPlaza Rama 3, CentralPlaza Pinklao (including

Notification of the Capital Market Supervisory Board No. ThorJor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposition of Assets and the Notification of the Board of

asset acquisition pursuant to the Notification of the Capital Market Supervisory Board No. ThorJor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposition of Assets

profit. (1) Investment Properties are booked at cost and depreciated with the straight-line basis over the life of the assets. The estimated fair value is THB 180,409 mn as of December 31, 2017 (stated in

156 92 299 92% 225% 490 663 35% Reversal of allowance for gain/(loss) from impairment of assets 3 19 (1,358) N/A N/A 5 (1,441) N/A Share of profit (loss) of associate (1) 54 420 N/A 678% 5 492 N/A Gain

% 24.5% 23.1% 1.4% Expense to operating income ratio 45.5% 41.9% 47.4% 3.6% (1.9)% 43.5% 47.7% (4.2)% Return on average assets * 1.10% 1.06% 1.13% 0.04% (0.03)% 1.09% 1.09% - Return on average equity

Baht and (2) borrowing costs capitalized as the costs of assets during the period totaling of 482 million Baht. Moreover, the Company approved the proposed investment by 2 new investors, namely Apollo

the transaction : The Company or Subsidiary will receive the management fees from the property management of these projects. 2 Details of assets involved : 1. Centre Point Residence Phromphong : Service

the same period of prior year. Net profit to total revenues was at 8.3%. It resulted from the decreasing of gross profit margin. Financial Position As at 31 March 2018, the Group reported total assets

comprised brokerage and registration fees for the transferred of assets right which responsible to pay by the Company, as the Seller. 4. Administrative expenses for the year 2019 was Baht 78.4 million