2017 comparing to last year due to wet lease arrangements to temporarily replace aircrafts which were under heavy maintenance exercise along with the delivery of additional of two aircrafts under

rate and Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 10 of 15 3.) higher administrative expense upon business expansion. Hence, CPN is determined to exercise

ลงทุนซื้อหุนอางอิง (u/l) ในอนาคต ตามราคาใชสิทธิ (exercise price) อัตราการใชสิทธิ และระยะเวลาใชสิทธิที่กําหนดไวลวงหนา เชน o DW หรือ warrant ที่ใหสิทธซ้ืิอหุน ปตท. ในราคา 230 บาท o อัตราสวน

new loan for business expansion to generate new revenue stream. CPN continues to exercise effective cost management and according to the changing business environment. Central Pattana Public Company

shares offered by the company’ s existing shareholder, Financial Institution Development Fund (FIDF) 3. Up to 230,000,000 new common shares for offering to over-allotment agent to accommodate the exercise

the exercise of rights to over-allotted shares under the over-allotment plan (if any). Trinity Securities Co., Ltd., as an over-allotment agent, borrowed 230,000,000 shares from FIDF for IPO and secured

provider, and Loan Agreement dated 17 February 2014 in amount of THB 400,000,000 with Mr. Niramd Ngarmchamnanrith as lender (collectively called “Loan Agreement”). The entry into Loan Agreement was approved

the Company are 245.55 million baht) (The Company does not have an asset acquisition transaction occurring during the 6 months prior to the date of the Board of Directors' meeting. Approved the entry

acquisition transaction occurring during the 6 months prior to the date of the Board of Directors' meeting. Approved the entry into this transaction) which is considered as an acquisition of assets transaction

driver supporting the Thai economy. However, tourism sector remains highly contracted for the second consecutive quarter due to no entry of foreign tourists during international travel restrictions of