. This public-private collaboration will generate business opportunity to access the capital market and improve management quality and thus to support a role of science and technology in economic and

the Provinces? project again focuses on companies incorporated or having their core businesses in provinces not less than two years. Moreover, the 2nd project provides even wider opportunity by allowing

mall management and effective operating costs control The Thai economy in 2Q17 continued to expand and recovered at a modest pace, driven by export of goods which showed a high expansion, and the tourism

  Management Discussion and Analysis, Q3/2018 Page 1/5

consider approving the entering into such transaction. 3.3. Rationale and background of the transaction Due to the policy decisions by the former management of the company last year 2014 in the auction of

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revenue generation through new shopping malls, enhancement of existing malls, as well as efficient cost management. CPN currently manages 32 shopping malls with the net leasable area (NLA) of approximately

Management Discussion and Analysis for the year 2021 4 Core Operating Profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange rate and other irregular items) for

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