No: AH 03052021 May 17, 2021 Subject: Management Discussion & Analysis (MD&A) for the financial statements of the 1st quarter of fiscal year 2021 ended as of March 31, 2021 To: The President The Stock

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latter decreased in production due to the adjustment stock management to suitable with the decrease in HRC market price worldwide. - Gain on exchange rate was achieved of THB 193 million in Q2-2017, which

sales volumes. The sharp decline in the Finished Goods prices has also led to a decline in Raw material prices and the Company suffered devaluation loss on Finished Goods stock, Raw Material in stock and

allocation together with manage a cashflow adequacy to operate business during this circumstance. Due to the extremely fluctuation of stock market in recent times, CPN Retail Growth Leasehold REIT (CPNREIT

Stock Exchange of Thailand on October 17, 2019. The Company currently manages 34 shopping malls with the net leasable area (NLA) of approximately 1.8 mn sqm. At the end of 2019 the average occupancy rate

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- ร่าง - 1 Aug 14, 2019 Subject Management Discussion and Analysis for the period of three months ended 30th June 2019 To President of the Stock Exchange of Thailand Secretary of the Office of

Microsoft Word - MDA Q1-2563_Eng_11 Aug 20 Aug 11, 2020 Subject Management Discussion and Analysis for the period of three months ended 30th June 2020 To President of the Stock Exchange of Thailand