- The entering into the transaction constitutes an asset acquisition transaction in accordance with the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551, Re: Rules on Entering

development, study into value-accretive merger and acquisition (M&A) opportunities, as well as apply efficient cost management to its businesses. Furthermore, CPN is currently considering asset transfers into

Equity (%) 15.32% 17.67% 23.26% Return on Assets (%) 10.66% 12.25% 16.37% Return on fixed assets (%) 89.99% 116.94% 161.08% Asset turnover times 1.09 1.06 1.17 Financial Policy Ratios Debt to Equity times

other receivables 73,269 80,821 -9.34 Cost of property development 491,401 531,154 -7.48 Supplies 536 799 -32.92 Deposit for purchase of land 0 5,361 -100.00 Other current assets 513 206 +149.03 Total

of the international school by 1Q 2020. The Company expects to make further progress in its asset divestment during 2H 2018. The remaining assets to be divested totaling THB 2.3bn are 2 plots of land

great emphasis on effective revenue generation from new malls, asset enhancement, coupled with efficient operating costs management. Currently, CPN manages 30 shopping malls with the net leasable area

million or 23.34% from the year end of 2016. mainly due to the decrease in land, property, plant and equipment in amount of Baht 150.80 million or 34.00% according to lower number of active outlets and

amounted to 131.44 million baht. Most receivables were undue receivables and the unpaid amount did not exceed three months, which was according to a normal credit term for general clients. • Net land

- IT system development and internal control improvement of subsidiaries - Loss on change in fair value less cost to sale of biological assets - No gain on sales of deposit for land Financial Position

goods from steel bumper grille and lamp, Other non-current assets increased due to account receivable from fixed asset property, plant and equipment increased from investment injection mold, land