shares of SPI  Have 3 common directors with SPI who are Mr. Boonsithi Chokwatana, Mr. Boonchai Chokwatana, and Mr. Boonkiet Chokwatana 3. International Laboratories Corp., Ltd. 186,500 0.16  Have 30.27

ชำวไทยและตำ่งชำต ิ บรษิทั เซ็นทรลัพฒันา จ ากดั (มหาชน) ค ำอธบิำยและกำรวเิครำะหข์องฝ่ำยจัดกำร หนำ้ที ่3 จำก 16 การกระจายการลงทนุเพือ่แสวงหาแหลง่รายไดใ้หม ่ (Income diversification) เ ปิ ดตั ว Common

accounting policy, the Group immediately recorded commission as selling expenses when the transaction occurred.  2)  Free transfer fee and common area fee - the Group considers the fees to be considerations

commission as selling expenses when the transaction occurred.  2)  Free transfer fee and common area fee - the Group considers the fees to be considerations payable to customers or expenses paid for the

Deficit from business combination under common control (22.9) (22.9) - - Total equity 11,386.6 10,793.0 593.6 5.5 Statement of Financial Position Change Analysis of Financial Position 10 Assets Total assets

the right of a trust that is entitled to receive the payment after the common creditors of the originator; (3) statement which indicates that the sukuk holder has admitted to bound upon the substance of

combination under common control. Additionally, the Company expanded the number of branches, which led to an increase in furniture and office equipment. Furthermore, the Company revised the estimated useful

’ equity composed of paid-up capital of THB 225.00 million, legal reserve of THB 22.50 million, unappropriated retained earnings of THB 76.74 million, and deficit on business combination under common control

under common control of THB 11.93 million. The Company’s shareholders’ equity remained unchanged from the end of previous year. 8 I 9 Management Discussion & Analysis 2023 Unit December 31, 2022 December

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...