increased degree of uncertainty in global economies and trade policies, businesses may have to contend with Thai Baht volatility and rising interest rate trends. Acting upon our strategy of strengthening

Company Limited (“AOC”), a former subsidiary of Fuji Electric, a top global vending machine manufacturer and operator. This subsidiary has started its contribution to OSP since Q4’19. Furthermore, OSP

institution, enabling us to cope with possible economic fluctuations in a timely manner. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in 2017 and

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

borderless marketplace of the ASEAN Economic Community (AEC). Given the increased degree of uncertainty in global economies, especially pressure from a looming trade war among core economies and their

rate decelerated in accordance with the global economic growth which was affected by the trade war between the United States and China, together with the appreciation of the Thai Baht as one of the

Global Connections Public Co., Ltd. (GC) for the three-month period ended 31 March 2018 which had been reviewed by the Independent Auditor and would like to clarify more details on the Interim Management

of Global Connections Public Co., Ltd. (GC) for the year-ended 31 December 2018 which had been audited by the Independent Auditor and would like to clarify more details on the Yearly Management

of Global Connections Public Co., Ltd. (GC) for the three-month period ended 30 June 2017 which had been reviewed by the Independent Auditor and would like to clarify more details on the Interim

of Global Connections Public Co., Ltd. (GC) for the three-month period ended 30 September 2017 which had been reviewed by the Independent Auditor and would like to clarify more details on the Interim