Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s revenues continues to grow according to its business plan. In 1Q19, the Thai

Natural Gas Power Plant also decrease because the plant using in-house management and maintenance services instead of hiring external services company, resulting to reduction in cost of engineering and

for Undertaking Businesses as Derivatives Business Operator (No. 2) dated 14 December 2017; 2 Clause 2 In this Notification: “licensee” means: (1) person licensed to undertake securities business

for Undertaking Businesses as Derivatives Business Operator (No. 2) dated 14 December 2017; 2 Clause 2 In this Notification: “licensee” means: (1) person licensed to undertake securities business

for Undertaking Businesses as Derivatives Business Operator (No. 2) dated 14 December 2017; Clause 2 In this Notification: “ licensee ” means: (1) person licensed to undertake securities business

while revenue from residential projects is expected to increase in 2H19 and accordingly with CPN’s business plan. In 2Q19, growth in the Thai economy decelerated primarily driven by a decline in export

the decrease in selling and administrative expenses but also the better performance of GPSC’s power plants especially IRPC Clean Power Phase 1 whose main customer returned to operate as normal from the

GLOBAL HOUSE PUBLIC COMPANY LIMITED ISSUED BY MAYBANK SECURITIES (THAILAND) PUBLIC COMPANY LIMITED LAST TRADING IN JANUARY 2023 # G GLOBAL42C2301G 20 26/08/2022 29/08/2022 02/02/2023   บริษัทหลักทรัพย์

financial position for the second quarter and six-month ended June 30, 2019 with those of 2018. This report discusses principal changes in the audited consolidated financial statements. Overall market

and according to target. In 3Q19, growth in the Thai economy decelerated primarily driven by a decline in export growth from world-trade sluggish effecting from Trade War. However, the Thai economy is