shareholders including their respective core business unless there is an appropriate reason for the ultimate shareholders to remain unknown; (3) management structure: Explain the management structure of the REIT
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foreign company. “holding company” means a foreign company whose core business is holding shares of other companies and none of significant manufacturing, distribution or service. “Thai company” means a
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Management Discussion and Analysis (MD&A) for the year of 2018 Page 1/7 Jaymart Public Company Limited
(for nine months of 2019, total revenue increased 10.3% YoY and net profit increased 6.2% YoY). The shopping mall business, which is CPN’s core business, continues to perform strongly, especially on a
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