economy begin to flourish across various areas around Bangkok and provinces, CPN have studied the prospects of new retail formats and innovative concepts and designs of shopping malls to elevate the

12 การแปลงสภาพ CPNRF เป็น REIT_E - Translation - No. 051/2017/040 21 July 2017 Subject: Information Memorandum regarding the Conversion of CPN Retail Growth Leasehold Property Fund into CPN Retail

, which the government announced the closing of shopping centers and shopping centers to reduce the spread of the epidemic. The company's business in terms of leased space for retail traders, IT Junction

agreed with the conversion of CPNRF into CPN Retail Growth Leasehold REIT (“CPNREIT”) and the lease of CentralFestival Pattaya Beach shopping mall (certain parts) and Hilton Pattaya to CPNREIT, detailed as

Shopping malls - BMA 14 913,289 93 91 91 Shopping malls - Provinces 18 752,525 93 93 92 Total retail properties 32 1,665,814 93 92 91 Non-core properties Office building 7 171,591 96 94 94 Residential 1

of Net Leasable Area and Occupancy Rate 2Q 1Q 2Q # Projects sq.m. 2017 2018 2018 Retail properties Shopping malls - BMA 14 912,962 92 91 92 Shopping malls - Provinces 18 753,184 93 92 92 Total retail

. sq.m. No. sq.m. 2019 Retail properties Shopping malls - BMA 15 931,130 15 784,398 3 146,732 93 Shopping malls - Provinces(4) 18 790,235 18 723,056 2 67,179 91 Total domestic retail properties 33

manages 33 shopping malls with the net leasable area (NLA) of approximately 1.8 mn sqm. At the end of 1Q19 the average occupancy rate for CPN’s domestic retail properties stood at 92%. Major Events in 1Q19

CPN Retail Growth Leasehold REIT (CPNREIT). CPN currently manages 33 shopping malls with the net leasable area (NLA) of approximately 1.8 mn sqm. At the end of 2Q19 the average occupancy rate for CPN’s

to CPN Retail Growth Leasehold REIT (“CPNREIT”) and CPN Commercial Growth Leasehold Property Fund (“CPNCG”). At the end of 3Q18, the average occupancy rate of CPN’s shopping malls stood at 92%, a