accordance with the resolution of the Board of Directors’ Meeting No. 3/2018, held on 26 February 2018, approving an investment in real estate project relating to hotels and resorts which is considered as an

received 300 million baht from the sale; the margin of approximately 45 million baht was given to Bhusana.    Case 2: Arranging for falsification of the IEC financial statements; Bhusana, Chanchai and

the same period last year. Due to the adjustment the business strategy to focused on the large project. And the quality of service and products which support the needs of the customers as efficiency. As

Management Discussion and Analysis Q3/2019 Financial Result Summary Q3/ 2019 Q3/19 Q3/18 Change +/(-) 9M/19 9M/18 Change +/(-) (in THB mm) YoY 9M Revenue from Sales and Services 57.4 54.3 6% 146.9

transaction shall be deemed as disposition of assets of the Company. The size of the transaction is 1.64 percent calculated based on the total assets of the Company based on the consolidated financial statement

1 Ref: AC.016/2019 4 May 2019 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

Limited Management’s Discussion and Analysis (MD&A) Consolidated Financial Results: 3Q17 Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 2 of 10 3Q17 total revenues of THB

Differentiate (Unit: Million THB) Million THB % Million THB % Million THB % Revenue Revenues from sales of real estate 8,764.9 87.8 14,523.1 87.3 5,758.2 65.7 Revenues from project management 487.5 4.9 1,225.9

87.3 12,278.6 86.9 (2,244.5) (15.5) Revenues from project management 1,225.9 7.4 918.9 6.5 (307.0) (25.0) Dividend income - - 0.2 0.0 0.2 100.0 Gain from transfer of right for land purchase and sale

sales of real estate 5,612.6 84.3 5,826.2 85.8 213.6 3.8 Revenues from project management 603.7 9.1 422.7 6.2 (181.0) (30.0) Dividend income - - 0.3 0.0 0.3 100.0 Gain from transfer of right for land