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

relevant favourable prices and conditions. 11. Opinions by The Audit Committee and/or Director significantly different from those by The Board of Director - None - 12. Information of the company 12.1 Summary

Summary 3 Operating Performance 4 Market Overview by Business 6 ▪ Market Overview of Methyl Ester Business 6 ▪ Market Overview of Fatty Alcohols Business 8 Operating Performance by Business Unit 10 ▪ Methyl

subsidiaries (Hereinafter called “ The Group” ) would like to submit Management’s discussion and analysis for the Quarter 1’ 2019 with the summary as follows:- 1. Nature of operations of the Group The Group has

. The conclusion was as follows: Overview of the business group in Q2/2019 The Company operates as a holding company and invests in businesses related to the retail and consumer finance, which have a

be analyzed and explained as follows: 1 Overview The Company has been operating in textile business, manufacturing greige fabrics, through production process of yarn spinning and fabric weaving, based

follows. Overview According to the Bank of Thailand and Office of the National Economic and Social Development Board data, the Thai economy in the third quarter of 2019 expanded by 2.4%, slightly increased

. IR60/ Subject: To : Pursuant t resolution subsidiarie the Compa Overview The perfor the conso increase f 32.9%. An purchase 198.0 milli month end has highe Company Revenues Services inco collection and

Page 1 of 6 Performance Overview In 3Q17 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a total revenue growth of 82% YoY, mainly from higher contribution from

Stock Exchange of Thailand 1. Overview financial performance of E for L Aim Public Company Limited (“EFORL” or “the Company”) and its subsidiaries (collectively as “the Companies”) for Q3/2017 Financial