fees - Movable property rental fees - Information technology system services fees - Training fees Baht 30 million Expense item - Design and renovation fees - Construction expenses - Movable property

item - Design and renovation fees - Construction expenses - Information technology system services fees - Product database development fees - Sales management fees - Training fees Baht 75 million …/3 - 3

CPN’s operating results despite the impact on its revenue from rent and services from the major renovation at CentralWorld, the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold

disturbed by sharp decline in Chinese tourists, turned off by series of unfortunate events. The Chinese tourists are one of a key customer of the company. Consequently, domestic sales experienced a 1 6.69

1,249.63 million and THB 729.06 million respectively. This equals to a sharp decline of 41.66% year on year. Domestic sales revenue dropped 43.82% from the same period of the previous year due to an

recorded total sales revenue of THB 733.57 million and THB 384.43 million respectively. This equals to a sharp decline of 47.59% year on year. Domestic sales revenue dropped 46.25% from the same period of

, the Company recorded total sales revenue of THB 983.36 million and THB 557.33 million respectively. This equals to a sharp decline of 4 3.32% year on year. Domestic sales revenue dropped 43.28% from the

a lower core EBITDA of US$201M, due to a significant decline in industry margins and spreads across the business. The decline in margins reflects the sharp contraction in industry- wide spreads across

renovation of three hotels under Dusit Thani brand, and caused by a temporarily weaker demand from catering and convention during the mourning period and the royal funeral of King Bhumibol Adulyadej. Earnings

), the details are as follows; a. Revenue management fee which will not exceed 3% of net rental income. b. Market research and survey fee which will be THB 2 million per year. c. Renovation consulting fee