resource management expense. As a result, the purchase of the shares will resulted in the Company be a 100% major shareholder in the company and being able to fully control the operations and management

Execution of the Transactions This represents renewal of the space lease agreements in continuation of the existing agreements to ensure continued business operations in respect of office building lease. 7

in providing the underling services. 6. Opinions of the Audit Committee The Audit Committee has opined that services provided by HCDS are beneficial to CPN’s business operations. HCDS’s know-hows and

Commission  SorThor. 72/2543 Re: Period of Time for Securities Borrowing   27/12/2000 02/02/2001 9. Notification of the Office of the Securities and Exchange Commission  SorThor 42/2540 Operations Relating to

1 / 3 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the three-month period ended 31 March 2020

36.3% YoY to THB 1,992mn, predominantly due to the increase in revenue from hotel operations as a result of the hotel portfolio expansion, together with revenue from the termination of hotel management

both project sites and also head quarter office thus business operations can continue. Please be informed accordingly, Yours sincerely, …………………………………… Paitoon Gumchai Director and The Company’s Secretary

reasons are the decrease in cash and cash equivalents used in operations and transfer some of real estate projects under development to revenue from sales of real estate during the current period. Total

(10.72) 1.92 52.11 6.44 6.44 INCOME TAX INCOME 0.44 0.61 0.92 1.16 PROFIT (LOSS) FOR THE PERIODS FROM CONTINUTING OPERATIONS (10.28) 2.53 53.03 7.60 PROFIT FOR THE PERIODS FROM DISCONTINUED OPERATION

the aforementioned cause. Also this year, the Board of Directors decided to close a subsidiary in Vietnam and to cease operations of a subsidiary in China in order to halt any long-term losses that may