วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 002/2020/EN 26 February 2020 Subject: Management Discussion and Analysis of the Company and its subsidiary for the year ended 31 December 2019 To: The

loss from set up the impairment of asset and reduce the value of product and other projects total 204.65 million baht The overall operating results for the three-months period of year 2019 compare to the

channels to customers and reduced the Company’s operation cost. As a result, the Cardless transactions currently accounted for 38% of total personal loan sales. Total Sales 36,810 MB 50% 30% 5% 15% Loans

strongly, especially on a same-store basis that continues to grow together with cost effective management. Excluding the non-recurring items, total revenue increased 9.0% YoY and net profit increased 7.4

December 2017. CPN continues to emphasize on effective revenue generation through new shopping malls, enhancement of existing malls, as well as efficient cost management. CPN currently manages 32 shopping

increase of take-home products and higher orders through food delivery services, which usually have lower gross profit margin than products served on-site as a result of higher packaging cost. EDITDA and

to achieve COD as scheduled in PPA, and construction cost is in line with the budget approved by lenders. This achievement would enable us to keep record of managing the project to commence COD in time

May 2019. The Company still has fixed cost for the period of shutdown while doesn’t have sale revenue including cost per ton still high for production period which resulted from depreciation and the

August, 2017. The cost of Assessment is 123,800,000 Baht. The transaction is categorized as a connected transaction relating to assets or service. The value of the transaction is 138.74 million Baht or

approved by the SEC. An appraiser is Ultima Appraisal Company Limited, who made an assessment on 3 August, 2017. The cost of Assessment is 123,800,000 Baht. The transaction is categorized as a connected