demonstrates the growth resiliency of CPN’s operating results despite the ongoing major renovation at CentralWorld and the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT
postpone the transfer until they can inspect their units by themselves. Potential Thai buyers, on the other hand, adopting Social distancing, a well-known campaign during COVID-19 outbreak, opted to delay
procuring program rights and entered into a negotiation with the Company over the return of an outstanding amount of program rights and changed the entity who will be responsible for purchasing program rights
ready for transfer in the second half of 2019 onwards. Diversification into Mixed-use Development Projects CPN sees the potential in mixed-use development projects, which consist of residential projects
ongoing major renovation at CentralWorld and the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT”) in December 2017. CPN continues to emphasize on effective revenue
is relatively subdued due to the impact of COVID-19. Nevertheless, the Company continues to transfer the completed projects to customers as planned. Newly opened are ESCENT TOWN PHITSANULOK, a townhome
depository or the Bank of Thailand to make securities deposit, withdrawal or book-entry transfer for the purpose of making or taking delivery in the traded securities, as the case may be; “Office” means the
account and customer account, notify the central securities depository or the Bank of Thailand, as the case may be, whether such transfer is made in connection with a loan, a return of the loan, a deposit
securities depository or the Bank of Thailand to make securities deposit, withdrawal or book- entry transfer for the purpose of making or taking delivery in the traded securities, as the case may be; “Office