deemed connected transactions in the category of short-term rent/ lease of real property in accordance with the Stock Exchange of Thailand Notification, Re: Disclosure and Acts of Listed Companies on
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
’ Meeting of CPNRF passed a resolution to approve the conversion of CPNRF into CPN Retail Growth Leasehold REIT (“CPNREIT”) and the lease of CentralFestival Pattaya Beach shopping mall (certain parts) and
results in 3Q18 compared to the same period in the previous year. • In 3Q18, CPN made an accounting adjustment related to the original land lease contract at CentralPlaza Rama 2 for THB 308 mn. The amount
CPN’s operating results despite the impact on its revenue from rent and services from the major renovation at CentralWorld, the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold
according to new contract signed in June 2018. In 3Q19, total revenue stood at THB 9,413 mn, a 5.6% increase YoY. • Since 3Q18, CPN has started cost of rent and services recognition following the land lease
provided rent waivers to tenants that cannot remain open for business during the lockdown period announced by the government and provide rental discounts to tenants that remained open but are considerably
2055 and 2060 (some parts), hence presented the opportunity to further develop the shopping mall. CPN is currently preparing the proposal of terms and conditions for the land and property sublet rights
, Call center, Pick-up Counters and drive through pick-up stations to facilitate safety and convenience for customers including preventive measures in our shopping malls. The Company provided rent waivers