non-recurring items, namely the insurance claim from the terrorism risk protection amounted THB 3,500 mn, the conversion of CPN Retail Growth Leasehold Property Fund (“CPNRF”) into CPN Retail Growth

12.4% 45.2 17.3% Investment Property 130.8 5.4% 124.3 5.1% -6.5 -5.0% Equipment 518.8 21.5% 518.8 21.1% 0.0 0.0% Leasehold rights and buildings 1,284.4 53.3% 1,293.1 52.6% 8.7 0.7% Advance for

Properties 518.8 518.8 0.0 0.0% Leasehold Right and Building 1,298.8 1,286.4 12.5 1.0% JAS Asset Management Discussion and Analysis, Q2/2019 Page3/4 30-Jun-19 31-Dec-18 Change %Change Deposit 134.4 132.5 1.9

CPN’s operating results despite the impact on its revenue from rent and services from the major renovation at CentralWorld, the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold

shopping centers that are leasehold rights during April. 3. The company has reduced operating costs. In terms of utility bills involved in the company's operations in the shopping center. And reduction of

consists of advance payment for purchase of land Baht 100 million and leasehold improvement, equipment and computer software Baht 181 million Finance Costs In 2019, The Company had total interest paid of

of investment properties resulting from the asset monetization to Hemaraj Leasehold Real Estate Investment Trust (HREIT), totaling rental area of approx. 55,131 sq.m. on 4 January 2018 • Share of

(NLA) of 1.6 mn sqm. 2Q17 Major Events The conversion of CPN Retail Growth Leasehold Property Fund (“CPNRF”) into a new Real Estate Investment Trust (REIT) on 31 May 2017, the Board of Directors has

, an increase of 5.2% YoY. 3Q17 Major Events The conversion of CPN Retail Growth Leasehold Property Fund (“CPNRF”) into a new Real Estate Investment Trust (REIT) On 28 August 2017, the Unitholders

from room renovations of Dusit Thani Pattaya and Dusit Thani Laguna Phuket of which under Dusit Thani Freehold & Leasehold Property Fund (DTCPF or “Property Fund”). In addition, F&B revenues declined