follows: THB’000 Consolidated ∆% Separate ∆% 2017 2016 2017 2016 REVENUES FROM SALES AND SERVICES 2,473,795 3,672,528 -33% 1,631,566 1,812,983 -10% Interest income 1,045 1,896 -45% 36,148 21,274 70

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In Q1/2019, East Water Group had total consolidated sales and services income of 1,164.83 million Baht, increased by 119.44 million Baht or 11.43% compared to

* Note Please find further information in the consolidated financial statements. 1 21 February, 2019 Subject: Management Discussion & Analysis (MD&A) for the year 2018 Attention: The President The

while revenue from residential projects is expected to increase in 2H19 and accordingly with CPN’s business plan. In 2Q19, growth in the Thai economy decelerated primarily driven by a decline in export

% ( Total consolidated sales and services income excluding construction revenue under concession agreement of 2,100.73 million Baht, decreased by 121.19 million Baht or 5.45%) and Net profit attributable to

comprises of: (1) revenue from sales of residential condominium units of 6,115 million Baht (69% of total revenue), an increase of 191 million or 3% as compared to 2017 (2) revenue from Food and Beverages of

The Company performance and its subsidiaries for the second quarter of 2019 from the consolidated financial statements with the net profit of 137.0 million Baht, increased from the second quarter of

1,677 100% 1,977 100% (300) (15%) 2 EMS business The Company had revenue from EMS business for the first quarter of 2019 amounting to Baht 394 million, a decrease of Baht 82 million or a decrease of 17

decrease was mainly due to the lower revenue from enterprise solution business. The Group’s profit for the third quarter of 2019 amounted to Baht 112 million, which was decreased by Baht 25 million or an

system. The performance of Central Pattana Public Company Limited (“The Company” or “CPN”) in 3Q19 shows total revenue of THB 9,413 mn, an increase of 2.1% and net profit stood at THB 2,816 mn, a decrease