operations Overview of the retail industry in 2019, the growth rate was not very high at approximately 2.6 percent resulting from consumer buying power was slow due to economic conditions. In which the Company

1 (Translation) No. 51/2019/050 17 October 2019 Subject: The Lease of Assets to CPN Retail Growth Leasehold REIT (“CPNREIT”) To: The President, The Stock Exchange of Thailand Enclosure: Information

Management Discussion and Analysis Q2/2020 Page 1/6 JAS Asset Management Discussion and Analysis Q2/2020 Retail Synergy Management Discussion and Analysis Q2/2020 Page 2/6 J63/015 11 August 2020

Plc. (LH) holds 100% shares, as “Employee” 2. Siam Retail Development Co., Ltd. (SRD) as “Employer” Connected parties Mr. Anant Asavabhokhin is a major shareholder of LH, holding 24% shares, and also a

quizzes on iPad. ?This year we are using the theme of knowledge shopping market where investors and the interested public can choose from a broad variety of topics suitable for their interests and risk

transformation, adaptation to rapidly evolving technology, strategies for getting ready for the future, as well as challenges and obstacles faced by digital leaders. The event took place at EMSPHERE Shopping

lock down measures. Beginning May 5, 2020. After opening some branches, the company's sales have increased respectively. 2. Aspect of the performance of the retail space in rental business and community

-channel services that deliver new and superior retail shopping experiences that fit changing lifestyles of consumers in the era of NOW NORMAL. The Company also emphasizes on efficient operation excellence

measures as announced by the government. However, the shutdown of shopping malls which are considered as the main sales channels of the Group effective from March 22, 2020 to May 17, 2020 has severely

centers during the government announcement of Lock Down. During which the shopping center is closed the company has remedies for retail stores in the field of rental discounts or not collecting rent that