leasable areas in the CentralFestival Phuket Project. 3) CPN shall purchase or transfer ownership of properties within the Central Department Store (such as system work, tools, and equipment within the
the Subsidiary and the Sellers in the amount of 315,000,000 subtract with the Director’s Loan). In this regard, during the period where the ownership of Leyland’s ordinary shares had not yet been
are ready for transfer. Pre-sales of condominium projects launched in 2017 continues to increase. Diversification into Mixed-use Development Projects CPN sees the potential in mixed-use development
mainly due to Veranda Residence Hua-Hin ownership transferred and also growth of revenue from sales of food and beverage business due to acquisition of Gram pancackes and Pablo Cheesetart during Q4/2019
Analysis (MD&A) Page 2 of 16 Major Events in 2018 The acquisition of GLAND, which has high potential assets, is an important step for CPN to become a leader in mixed-use projects The acquisition of shares in
diversification of investment risk. Central i-City, with its strategic location and promising potential in area, is a joint venture investment between CPN, with 6 0% ownership, and I-R&D Sdn. Bhd (“IRD”), a
property sublet rights to CPNREIT to consider the extension of the leasehold of CentralPlaza Rama 2. Condominiums launched in 2016 are in the midst of ownership transfer, which will be completed within 2018
buildings sale and purchase agreement with NML. The Company agrees to register the transfer of ownership of the Land and Buildings under this agreement to NML at the authorized land office within 25 December
asset value of Leyland agreed between the Subsidiary and the Sellers in the amount of 315,000,000 subtract with the Director’s Loan). In this regard, during the period where the ownership of Leyland’s