of 2017, the average occupancy rate for CPN’s retail properties stood at 92%, slightly lower from the previous quarter due to major renovations at both CentralWorld and CentralPlaza Rama 3. CPN

lower coupon rate, and partial utilization of short-term instruments from financial institutions. PERFORMANCE BY BUSINESS Rental Properties Business 2017 2018 Increase/(Decrease) THB mm THB mm THB mm

circumstances, the Bank of Thailand lowered the Thai economy growth outlook in 2019, from 4.1% to 3.8%, as well as maintain the policy rate at 1.75% to balance the economic growth momentum and the stability of

area (NLA) of approximately 1.8 mn sqm. At the end of 3Q19 the average occupancy rate for CPN’s domestic retail properties stood at 92%. Central Pattana Public Company Limited Management’s Discussion and

of properties for sale. ● The Company recorded Right-of-use assets of Baht 28 million in Q1/2020, due to the recognition of lease liability upon initial application of TFRS16 Leases at January 1,2020

accounting and tax for purposes – in the part of Allowance for expected credit losses- loans purchased of receivables and Allowance for impairment of properties for sale. ● The Company recorded Right-of-use

to buy the leased properties, except the penalty from premature termination; 3. other particulars as stipulated by the Notification of the Office of the Securities and Exchange Commission; (b) other

waived by the SEC Office; 2. the financial lease contract which a derivatives broker, as lessee, is entitled to prematurely terminate without the condition to buy the leased properties, except the penalty

financial lease contract which a derivatives broker, as lessee, is entitled to prematurely terminate without the condition to buy the leased properties, except the penalty from premature termination; 3. other

million baht Increase from 2019 791.1 million baht or 34.2%. This is due to the increase in Investment Properties, which is the value of real estate that the Company provides for rental space such as