financial profile, driven by solid operating performance and reliable streams of income. The ratings continue to reflect CPN’s leading position in retail property development and management industry in

and marketing campaign throughout next year on the Company’s 40th anniversary celebration as well as export branded sales which will continue to grow prominently. The Company is confident that

continue to grow in both our existing export markets and those new ones, which operated by our domestic subsidiary, namely Carabao Tawandang Company Limited (“CBD”), and our overseas subsidiary, namely

Company continuously. . Continue to offer new products, the machine producing high concentration ozonated water for foods and beverage industrial (Biosure) and the machine producing high concentration

good opportunity to continue to work with other business partners in the future, including exchange of knowledge between each other and to cooperate in research and development in order to bring

is poised to continue in 2018. The Thai GDP expanded by 3.8% in the first 9 month of 2017, (following the growth of 3.3% in the first 9 month of 2016)1. The growth supported by a marked upturn in

sector to continue rising. Other economic growth contributors are also anticipated to perform better especially private investment which will be backed by vigorous export expansion and investment by public

the standard of products and services from the Company continuously. 7.6 Continue to offer new products, the machine producing high concentration ozonated water for foods and beverage industrial

representing approximately 3% of core service revenue, should continue to grow double-digit from CCII (Cloud, cyber security, IOT, IT solution) following digitalization trend. • Cost management to support EBITDA

revenue loss from the Hong Kong Branch is estimated to be minimal since revenue from initial fee will not be impacted and the franchise fee income will continue to be recognized in Q4/2019 after the