Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 16 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

) 1. Transaction Date The Board of Directors’ Meeting No. 8/ 2018 of the Company, held on December 19, 2018, has resolved to approve the acquisition and acceptance of transfer of the entire business by

shares to the shareholders of the Company at the offering price of Baht 56 per share. As a result, the company has a total ordinary shares of 2,819,729,367 shares and have changed the paid-up capital to a

establish and maintain a review function made up of one or more senior managers with appropriate experience to review the feasibility of providing a credit rating for a type of entity or obligation that is

scope of prohibited characteristics in Group 3 under Clause 31, is not severe or has occurred for more than 10 years up to the date when such fact appeared to the SEC Office, the SEC Office [i] may not

demand led to increased data usage, resulting in a blended ARPU of Bt223, up 3.0% YoY. Prepaid ARPU remain flat QoQ from seasonality. Postpaid ARPU declined QoQ, pressured by continuous effort in handset

., and Establishment of Subsidiary, Classified as Type 2 Transaction (List 1) 1. Transaction Date The Board of Directors’ Meeting No. 8/ 2018 of the Company, held on December 19, 2018, has resolved to

Thana Sinsap (Thailand) Plc. No. 3/2017 held on March 17, 2017 had a resolution of the connected transaction as follows: Date of agreement: Company Date of agreement ACS Capital Corporation Limited (“ACS

General Meet No. 7, Natio ecify the age holders who Record Date arency purpos er the Notific ate to determ s, a person c d with respe the Company nnected perso mpany. Afte on memorand ate in the bi k

measurable advertising. This places the Company in a favourable position to offer optimal solutions to our customers as well as continuing to capture market share in the OOH and Online/Digital media. Our 9