the Glanzstoff acqui- sition in Europe, the acquisition of the balance minority interest (25%) in Trevi- ra as well as the announced projects in China and Indonesia will help grow the HVA portfolio

underpricing of risks. The Thai economy in 2017 is expected to grow by 3-4 percent on the back of exports and tourism, in line with the growth of the trading partners. At the same time, public investment in

set its goal to grow sustainably. We would like to present the progress of the following projects; 1. Investment in online live streaming business The Company, through Demeter Innovation Company Limited

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s revenues continues to grow according to its business plan. In 1Q19, the Thai

been. However, in the long term, the Company is confident that it will be able to grow sustainably, as the Company has been operating in accordance with its direction and strategy step by step as planned

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

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

sales, sales in the Company’s major focused countries still could continue to grow.  Export CMG sales decreased by c.45% YoY, since there was some customer ending the distribution contract with some

decreasing of oil price in this quarter had good result to Cost of production. In Q1/2019, Export sector will consistently grow. Meanwhile, domestic consumption will expand although household have risk from

main lime consuming sectors of the industry continue to expand: the sugar cane harvest will be flat compared to last season which was a record year. The steel industry will continue to grow but at a