which obtains the securities business license in the following categories, but exclude a securities company being a commercial bank under the Law on Financial Institution, a life insurance company under

the business plan. CPN continues to emphasize on effective revenue generation through new shopping malls, enhancement of existing malls, new mixed-use development projects, such as residential

shares of KPN Academy Company Limited (“KPN Academy”) in the proportion of not less than 57.52 percent of total number of sold shares of KPN Academy from the existing shareholders, i.e. (1) Mr. Nop

approximately by 3.4% YoY. The resilient performance in 1H17 was due to the continuous growth of shopping mall business from new and renovated projects, and continual strong performance of existing projects such

, grew by 5.2% YoY, resulting from strong performances of new mall, existing malls, and completely renovated malls. However, the revenues were impacted by the major renovations at CentralWorld and

. This mainly due to the company (iiG) won a big project in Insurance Industry, Thai Life Insurance Plc., In addition to that, the company was able to continue to provide service to many existing customers

December 2017. CPN continues to emphasize on effective revenue generation through new shopping malls, enhancement of existing malls, as well as efficient cost management. CPN currently manages 32 shopping

-2634-8888 Fax.0-2783-4818 17 BANGKOK LIFE ASSURANCE PUBLIC CO.,LTD. BANG KAPI, HUAI KHWANG, BANGKOK 10310, THAILAND Tel.+66 2777 8000 18 KRUNGTHAI-AXA LIFE INSURANCE PUBLIC CO.,LTD. G TOWER GRAND RAMA 9

effective revenue generation through new shopping malls, enhancement of existing malls, new mixed-use development projects, such as residential development, as well as efficient cost management. CPN currently

Academy Company Limited (“KPN Academy”) in the proportion of not less than 57.52 percent of total number of sold shares of KPN Academy from the existing shareholders, i.e. (1) Mr. Nop Narongdej (2) Golden