; “principal asset" means the following assets: (1) with respect to property funds, real estate the title, lease, usufructs or superficies over which have been acquired by the property funds; (2) with respect to

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s revenues continues to grow according to its business plan. In 1Q19, the Thai

bonds (US$ currency, SGX listed, 2% p.a. coupon) worth US$180mn to institutional investors. Performance Summary Consolidated Statement of Comprehensive Income Revenues 584 1,028 1,064 4% 82% 1,813 3,294

Summary of financial status and performance, for the period ending 31 December 2015 , 2016 and 9 Month ending September 2017 are as follows: in Million Baht 31 Dec 2015 31 Dec 2016 30 Sep 2017 Total asset

to AEON cardholders. Summary of Operation Results 1. Operating Results Revenues The Company reported 13,607 million baht of total consolidated revenues for the nine-month period of 2017, showing an

recognized upfront 50-year lease payments. Performance Summary Consolidated Statement of Comprehensive Income Revenues 1,421 1,064 2,564 141% 80% 3,233 5,858 81% - Residential 1,017 625 501 (20%) (51%) 1,563

or a contract that offer returns from the asset underlying, which results in the fund being exposed to such asset. Part 1 Regulations on Mutual Fund Management and Private Fund Management

., Ltd. (50%) Expected Profit: Rental fee, management fee 5. Financial Position and Performance of LPN Below is the summary of financial position and significant performance of LPN from 2016 to 2018. The

handling added. Significantly Summary of changes in proportion as follows Cost of service for the company for the year Ended December 3 1 , 2 0 1 8 and December 3 1 , 2 0 1 7 , equal to 1,454.70 million baht

shareholders as well as to be the number one in the country conducting the non-performing debt management without collateral. Management Discussion and Analysis (MD&A) 2019 Page 2/6 Summary of Comprehensive