shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However, the information provided in this MD&A

the two languages, the Thai version shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However

unforeseeable circumstances, the Company is adamant in maintaining shareholders’ return and return at present and in the long-term. The interim dividend was paid on June 12, 2020. An Annual General Meeting of the

10 บมจ.0107537002109 Page 1 of 6 บริษทั ดีมีเตอร ์คอรป์อเรชัน่ จ ำกดั (มหำชน) Demeter Corporation Public Company Limited เลขท่ี 191/43 อำคำรซีทีไอ ทำวเวอร ์ชัน้ 21 ถนนรชัดำภิเษก แขวงคลองเตย เขต

Central Retail Corporation Public Company Limited Page 1 20 February 2020 Re: Management Discussion and Analysis Operating results for the three-month and nine-month period ended September 30, 2019

circumstances, the Company is adamant in maintaining shareholders’ return and return at present and in the long-term. Shares Repurchase Project On February 20, 2020, the Board of Directors passed a resolution of

January 2020: The Company and its subsidiaries (“Group”) has adopted the new financial reporting standards TFRS9: Financial Instruments and TFRS16: Leases. These financial reporting standards were aimed at

regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future and are not a guarantee of future performance. Such forward-looking

Dusit Thani PLC Management Discussion and Analysis 4Q18 and FY2018 P a g e | 1 Executive Summary The Company reported net profit of THB 119 million in 4Q18, a decrease of 59.0% from the same period

-of-use’ and ‘lease liability’ at the present value of lease payment over the remaining lease term. The leases including tower lease agreement, site rental, office & shop building rental, and minimum