E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due largely to healthier growth of exports and tourism, especially in the first half of the year. Meanwhile, the government continued to implement measures to promote and strengthen the domestic economy through support of investment and private spending as well as bolstering opportunities for other econo...

percent from restaurants and bakery shops in domestic and overseas businesses. The growth of the same store sales of restaurants and bakery shop in domestic under brand “S&P” decreased by 4.90 percent

number of restaurants and bakery shops in domestic and overseas countries. The growth of the same store sales of domestic restaurants and bakery shops under the brand “S&P” decreased by 4.00 percent. For

- oil business, under the supervision of Bangchak Retail Co. , Ltd. ( “ BCR” ) is still developing and expanding its business continuously. As of Q1/2020, the number of SPAR convenience store was 44

service: Call & Shop (shopping via telephone) • New service: Drive Through • Cooperate with Dolfin e-wallet application to encourage e-payment for convenience and safety Furthermore, we have introduced “5

government’s order, we have closed fashion and hardline (Non-food) stores, while our food store remains operational to serve customers’ demand on essential consumer products. In addition, Central retail has

Derivative Warrants | ROBI11C1512A | DERIVATIVE CALL WARRANTS ON ROBINSON DEPARTMENT STORE PUBLIC COMPANY LIMITED ISSUED BY KASIKORN SECURITIES PUBLIC COMPANY LIMITED LAST TRADING IN DECEMBER 2015

Derivative Warrants | ROBI01C1512A | DERIVATIVE CALL WARRANTS ON ROBINSON DEPARTMENT STORE PUBLIC COMPANY LIMITED ISSUED BY BUALUANG SECURITIES PUBLIC COMPANY LIMITED LAST TRADING IN DECEMBER 2015

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Derivative Warrants | ROBI27C1606A | DERIVATIVE CALL WARRANTS ON ROBINSON DEPARTMENT STORE PUBLIC COMPANY LIMITED ISSUED BY RHB OSK SECURITIES (THAILAND) PUBLIC COMPANY LIMITED LAST TRADING IN JUNE