business design of the three directors, which the Company had disclosed and received ratification regarding this matter from the shareholders. Moreover, Carnival Magic also hired Cherdchaiwon Company Limited
with all the conditions precedent pursuant to the MOU, having details as per Clause 3.3 of this information memorandum; and 3) The Company must have received the approval for offering newly-issued
Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS New Capital Structure and Use of Proceed from IPO Regarding our IPO, we received net proceed from IPO in the amount of Baht 11,078 million composing
from lower revenue from sales Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) Unit: Million Baht 2Q 2020 2Q 2019 Change % Change 6M 2020 6M 2019 Change % Change EBIT 289.17 436.36
, 2018, which will be in effect until years 2055 and 2060 (some parts). Hence, the adjustments are made under Other Income at THB 308 mn in 3Q18 and at THB 85 mn in 4Q18. • In 3Q17, CPN received an
decrease in profit sharing from investment in DREIT and the additional provision as per the new labour protection act. Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) In 2Q19, the
received an insurance claim of THB 3,500 mn under the terrorism coverage, which was recorded as other income for the period. In 3Q18, total revenue stood at THB 9,191 mn, a 19.4% increase YoY. Total Revenue
PHITSANULOK and NINYA KALLAPAPRUEK, located at BKK, were received a good feedback in terms of continuity of project transferred. The Company launched 2 new residential projects in 1Q20 as planned. The projects