Company Limited Management Discussion and Analysis for the Quarter Ended on June 30, 2019 3 Overview Operational Results Between the second quarter of the year 2019 and 2018 (Unit: Million Baht) Description

40 60 80 100 120 140 160 180 200 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Q1/16Q2/16Q3/16Q4/16Q1/17Q2/17Q3/17Q4/17 Sales Revenue Net Profit Unit: Million Baht Page 2 2. Overview of

Minorities 193,733,996 49.7 Total 389,976,870 100.00 11/18 16.5 Financial Overview Balance Sheet 2014 2015 2016 2017 6M THB mn % THB mn % THB mn % THB mn % Current Assets Cash and cash equivalents 89.58 13.40

V3 10/05/61 16:26 น. 0 V3 10/05/61 16:26 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Thai Economy in the First Quarter of 2018 The Thai economy in the first quarter of

V2 30/08/61 14:31 น. 0 V2 30/08/61 14:31 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the Second Quarter of 2018 The Thai economy in the second

V2 13/11/61 17:55 น. 0 V2 13/11/61 17:55 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the Third Quarter of 2018 The Thai economy in the third

cost management to its businesses. Furthermore, CPN is currently preparing to lease assets to CPN Retail Growth Leasehold REIT (CPNREIT) with 4 additional assets, as well as the extension of lease at

-month of the year 2016 ended June 30, 2016. The Company’s overall performance can be summarized as follows. DCORP would like to summarize the overview of the consolidated company’s performance for the

guidelines, the manual and the disclosure checklists available on the SEC website. Table of Contents Part 1: Business Operation Page 1. Policy and business overview 2. Nature of business 3. Rick factors 4

; d. provision that restricts the issuer from creating a lien on its assets or that of its subsidiaries so that other creditors obtain a senior position to the debt securities holder offered under the