real estate revenue recognition of 1,366.58 Million Baht or an increase by 103.97%. The revenue can be distinguished as follows: Unit: Million Baht Projects Consolidated Revenue Project Revenue Increase

Baht or an increase by 137.61%. The revenue can be distinguished as follows: Unit: Million Baht Projects Consolidated Revenue Project Revenue Increase (Decrease) % Revenue (Million Baht) Revenue (Million

% compared to the same period last year. The key factor was from an increase in real estate revenue recognition of 317.07 Million Baht or an increase by 70.96%. The revenue can be distinguished as follows

increase in real estate revenue recognition of 56.69 Million Baht or an increase by 15.94%. The revenue can be distinguished as follows: Comparison of six-month period operating income ended June 30th ,2017

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

system. The performance of Central Pattana Public Company Limited (“The Company” or “CPN”) in 3Q19 shows total revenue of THB 9,413 mn, an increase of 2.1% and net profit stood at THB 2,816 mn, a decrease

Pattana”) in 1Q20 shows total revenue of THB 11,423 mn and net profit stood at THB 4,592 mn, mainly influenced by non-recurring items as well as revenue from residential business together with cost

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 18 Executive Summary Revenue and profit continue to grow primarily from strong rental business performance

% Million Baht % Sales Revenue 65.77 82.58% 63.35 79.06% (2.42) (3.69%) Revenue from contract work 12.32 15.46% 14.28 17.82% 1.96 15.93% Revenue from service income 0.61 0.76% 1.40 1.75% 0.80 131.23% Revenue

Company”) would like to clarify the operating result of the financial statements as follows: Quarter 1 / year 2019 Quarter 1 / year 2020 Change Million Baht % Million Baht % Million Baht % Sales revenue