Discussion and Analysis, Quarter 1 Ending 31 March 2020 (4) The Impact of the COVID-19 situation To: President of the Stock Exchange of Thailand Reference: (1) Document no. Tor. For. 4/2020 dated April 10

also be reasonable and not resulting in a similar situation as non-operation. The regulations aim to ease the flexibility of the operation of business providers by reporting to SEC after outsourcing

18.3%, increased from the previous year at 14.6%. In the first quarter, the Company had gross profit margin at 20.2% but in the second and the third quarter, the Company faced the COVID-19 situation but

abreast of the market situation, to be able to make decisions to trade capital market products on behalf of their clients, provided that consent from the clients must be obtained and such investments

preparation for stringent preventive measures at AGM, it may not sufficiently address the rapidly changing situation and uncertainties ahead. The Board of Directors no. 5/2020 held a meeting on 27 March 2020 to

the changing situation. Gross profit of hotel operations The gross profit ratio for the hotel business stood at less than -100%, a decrease from 65.0% in the same period of previous year (the first six

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary The Company implemented proactive measures to timely manage the situation rapidly

investment units en masse. In such events, mutual funds are forced to dispose of their assets in a fire sale leading to a plummet in market price. This situation could be unfair to existing investors because

3,202.8% Rental and Service Income and Other Income A total revenue from sales and services for the first quarter in 2020 was 165.1 million Baht higher than the first quarter of 2019 at 5.7%. However, there

with business operators to protect investors in the current situation was emphasized. This discussion focused on policy matters for the first half of 2024, marking the initial meeting of the year, apart