result, Private investment has declined dramatically while the Tourism sector has not yet recovered. The overall economic support comes from the government spending. Both fixed expenses and capital

of foreign tourists continued to increase due to the relaxing of outbreak control measures and international travel restrictions. As the result, the commerce and service sectors recovered and the

costs of newly opened malls and renovated projects from 2018 to 2019, namely Central Phuket Floresta, Central i-City, Central Village, CentralWorld, CentralPlaza Chiangrai, CentralPlaza Chonburi

of 20.6% YoY due to the following factors. • Contributions from newly opened food courts in 2018, namely at Central Phuket Floresta, as well as renovated food court opened in 2018 at CentralWorld and

CentralPlaza Mahachai, and in 2018, namely at Central Phuket Floresta, as well as renovated food court opened in 2018 at CentralPlaza Rama 3 • Strong performances of existing food courts both in BMA and

renovated projects in 2019, namely Central i-City, Central Village, CentralWorld, CentralPlaza Chiangrai, CentralPlaza Chonburi, CentralPlaza Ladprao, Central Phuket Festival and CentralFestival Pattaya Beach

renovated to be ready for sale to customers, resulting in higher costs. (3) Gain on Sales of Land and Structures Held for Future Development In 2018, The Company has gain on sales of land held for future

café in Bangkok, which are located at Unicorn Tower Phaya Thai, Susco Square Phutthabucha, PTT Station Tiwanon, and Design Village Bangna. In Q4/2023, After You plans to reopen 2 renovated stores at Bang

renovated to be more visually appealing. Discounts and free shipping were provided exclusively for the eligible purchase on the Company’s website. As for marketplace platform channel development, the Company

Company renovated its branches to be more modernized and increase their sizes with an aim to create a community space for customers that can be served as reception space and working space under the zone