% Total 31.2 833.1 (801.9) (96.3%) Real Estate segment Revenue from this business segment decrease due to the recognition sales of the ABOVE 39 condominium project at the selling price of Baht 800 million

were THB 1,279.32 and 1,931.02 million respectively. Revenue from sale of real estate decreased by THB 651.70 million or 33.75% This is because the slowdown of real estate business sector resulted from

million. Sales revenue from beverage business decrease by 0.4% while sales revenue from food business decreased by 0.8%. The proportion of beverage business sales revenue to food business sales revenue was

P a g e | 3 The Company reported EBITDA from hotel business of THB 855 million in 2017, a 5.4% decrease from 2016. The decline was attributable to 1% decrease in EBITDA from owned hotels due to lower

Thailand Due to depletion of Mae Sod Mine’s reserves, PDI stopped its mining activities in 2016 and ceased the conventional zinc business end 2017. Whilst sustaining part of the zinc related activities under

., Nongeiroon, Banbueng, Chonburi, Thailand 20220 Tel. 038-160707 Fax. 033-047348 www.ndrubber.co.th No. NDR003/2020 27 February 2020 Subject: Management Discussion and Analysis (MD&A) Report for Business

stimulus measures as inflation gradually increases. Central Pattana Public Company Limited (“The Company” or “CPN”) carried out its business plan, while continued placing a great emphasis on effective

reason for the Company’s net loss was due to lower income from rental and service, an increasing in food and beverage cost and property development cost incurred. Thus, the details of the Company’s

. Moreover, it saved time and cost of sourcing. 2. Criteria Used in Determining a Transaction’s Total Value The purchase price is agreed price between the parties. The price shall lower than the appraisal

Reporting Standards 16 Leases (TFRS 16) since 1 January 2020 caused a lower net profit by Baht 6.3 million, mainly due to higher depreciation and interest expenses recognition.  The Company has not yet