Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s revenues continues to grow according to its business plan. In 1Q19, the Thai

for Undertaking Businesses as Derivatives Business Operator (No. 2) dated 14 December 2017; 2 Clause 2 In this Notification: “licensee” means: (1) person licensed to undertake securities business

for Undertaking Businesses as Derivatives Business Operator (No. 2) dated 14 December 2017; 2 Clause 2 In this Notification: “licensee” means: (1) person licensed to undertake securities business

for Undertaking Businesses as Derivatives Business Operator (No. 2) dated 14 December 2017; Clause 2 In this Notification: “ licensee ” means: (1) person licensed to undertake securities business

while revenue from residential projects is expected to increase in 2H19 and accordingly with CPN’s business plan. In 2Q19, growth in the Thai economy decelerated primarily driven by a decline in export

the decrease in selling and administrative expenses but also the better performance of GPSC’s power plants especially IRPC Clean Power Phase 1 whose main customer returned to operate as normal from the

GLOBAL HOUSE PUBLIC COMPANY LIMITED ISSUED BY MAYBANK SECURITIES (THAILAND) PUBLIC COMPANY LIMITED LAST TRADING IN JANUARY 2023 # G GLOBAL42C2301G 20 26/08/2022 29/08/2022 02/02/2023   บริษัทหลักทรัพย์

าหนด รวมทั้งข้อจ ากัดต่าง ๆ ที่เกี่ยวข้องจากการลงทุน ในหลักทรัพยต์่างประเทศด้วย) สัดส่วนรายได้ : บริษทัอาจแสดงข้อมูลในรปูแบบกราฟ หรือบรรยายก็ได้ ทั้งนี้ หากมีข้อมูลแยกตาม segment ให้แสดงข้อมูลดังกล่าว

and according to target. In 3Q19, growth in the Thai economy decelerated primarily driven by a decline in export growth from world-trade sluggish effecting from Trade War. However, the Thai economy is

, increased by Baht 200 million or 28% from Q4/2017. The increase is mainly due to the rise in sales of electricity to Electricity Generating Authority of Thailand (EGAT) as the COD of both phases of IRPC Clean