Thailand, with its GDP growth in 2018 at 4.1%, a slight increment from that of 2017 at 3.9%. The performance of Central Pattana Public Company Limited (“The Company” or “CPN”) in 1Q18 shows a net profit of

development loans (RE) totaled Baht 31,240 million, with continuing expansion of 7.5% from the end of 2018. SMEs loans were Baht 26,876 million, slight growth of 0.4%. SMEs loan comprises of several business

9.5% QoQ with 28% of fixed broadband users subscribed to a fixed- mobile-content convergence package (FMC), which a part of the revenue allocated to mobile segment, led to a slight drop in ARPU in the

loans (RE) totaled Baht 31,240 million, with continuing expansion of 7.5% from the end of 2018. SMEs loans were Baht 26,876 million, slight growth of 0.4%. SMEs loan comprises of several business sectors

1.8% from the first quarter of 2019. This was due mainly to the slight decrease in large corporate loans and the increase in realized interest income according to TFRS9. Interest expenses were Baht

quality and 5G network strengths has enabled us to achieve a sustained mobile performance. Mobile revenue reported Bt116,696mn, a slight decline of -0.5% YoY from growth in quality postpaid customers while

with the War Veteran Organization (WVO) (total installed capacity 8.94 MW) in late July. However, due to the slight dips in average irradiation hours from the heavier rainfall than the previous year

) of Baht 26 million in 2019 while the revenue from Combined Electricity and Power Company Limited (CHPP) had a slight fall in revenue corresponding to existing projects. PAGE 4 MANAGEMENT DISCUSSION

for selecting an analysis/a research to support an investment decision. (4) Prescription of criteria in selecting each asset/group of asset to be actively or passively* invested in order to reduce risk

: - Industry analysis: - Study and analysis of fundamental factors of the business to be invested. (3) Prescription of criteria for selecting an analysis/a research to support an investment decision. (4