potential change in the securities price is deemed to be taking an unfair advantage of other people. Such action is in violation of Section 241 and liable to the penalties under Section 296 of the Securities
and investment are all parts of the circle of economic growth. Larger fund flows in the capital market mean more potential capitals for business expansion, which in turn can promote economic growth and
against potential losses due to fraud. Note: * Failure to comply with Clause 23 (1), subject to the prohibited characteristics of the personnel in the capital market business under Clause 31
' Meeting No. 1/2025 (if applicable).The SEC requires that the bondholders’ representative analyze the benefits and shortcomings as well as the potential impacts on the bondholders both in cases of
Thailand 2025) บทวิเคราะห์เชิงลึก ซึ่งมีข้อเสนอแนะเชิงนโยบายในการเสริมสร้างระบบนิเวศตลาดทุนไทยในแข็งแกร่งยิ่งขึ้น และการเสวนา หัวข้อ Unlocking Thailand’s potential: Governance and capital market
on bonds issued by the Company. Derivative Warrant (“DW”) Business The Company would like to provide additional information to shareholders and potential investors regarding the DW business. Derivative
covering risks and the detailed operation concerning the risk management. Clause 3 The securities clearing house shall procure adequate financial resources for potential risks arising from the operation of
Analysis (MD&A) Page 2 of 16 Major Events in 2018 The acquisition of GLAND, which has high potential assets, is an important step for CPN to become a leader in mixed-use projects The acquisition of shares in
locals and foreign tourists. Investment Diversification to Generate New Revenue Stream CPN actively find opportunity for new potential investment driven its business growth compatible with strengthen the