Management Discussion and Analysis For six-month period ended June 30, 2020 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd., Silom, Bangrak, Bangkok 10500 Thailand Tel: 0

Central Retail Corporation Public Company Limited Page 1 20 February 2020 Re: Management Discussion and Analysis Operating results for the three-month and nine-month period ended September 30, 2019

Lifestyle Center in Chaiyaphum, Chonburi and Ladkrabang and the decrease in selling expense proportion to total revenue. Financial Summary for the three-month period ended December 31, 2019 and 2018 Three

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Ref: FASET 01/2562 February 26, 2019 Subject: Report the operating result for the year ended December 31, 2018 To: President of the Stock Exchange of Thailand Seamico Securities Public Company

(Translation) Re: BOD.SET 003/2020 February 25, 2020 Subject: Clarification on the Change in operating results for the twelve month ended 31 December 2019 over 20% compared with the same period of

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Ended Dec 31, 2019 operating results that posted a difference greater than 20% To Director and Manager the Stocks Exchange of Thailand Currently, only Thailand Public Company Limited is a manufacturer and

No. CC20200204ELE February 28, 2020 Re: Clarification of the changes in operation performance for the year ended 31 December 2019 Attn: The President The Stock Exchange of Thailand Cal-Comp