Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

manufacturing. These developments are part of our strategic intention to expand our competitiveness in serving digital services and platforms to both consumers and enterprise. Full year guidance maintained For

investment decision, investors should exercise their own judgment when considering detailed information relating to the issuing company of the securities and the conditions of securities, including the

Ventures Public Company Limited for the second quarter of 2018 We are pleased to submit: 1. Consolidated and Company only Annual Audited Financial Statements for the second quarter of 2018 (a copy in Thai

Management Discussion and Analysis For the fourth quarter and year ended December 31, 2019 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd, Silom, Bangrak, Bangkok 10500

company and its subsidiaries’ operating result for the 1st quarter ended 31st March 2020 Unit: THB Million Q1/2020 Q4/2019 QoQ Q1/2019 YoY Total Revenue 43,070 50,146 -14% 45,535 -5% Accounting EBITDA

detailed information relating to the issuing company of the securities and the conditions of securities, including the suitability for investment and the relevant risk exposure. The effectiveness of this

the legal disputes with National Telecom Public Company Limited (NT). As a result, AIS agreed to pay for dispute settlement to NT in an amount of Bt447.87mn which has previously been provisioned for

cooperation with strategic partnerships to boost our competitiveness and capability. We also focus on leveraging 5G enterprise service as differentiation in key areas i.e., manufacturing, property, and

disbursement in FY24, declining export and manufacturing competitiveness, and global supply chain issues. Mobile industry sustained its growth momentum with increased usage both domestically and internationally