3; “fee” means a fee for undertaking business according to license; “income” means an income before deducting expenditures from undertaking business according to license; “investment unit”4 means the

subsidiaries. 16 6. A description, including the amount invested, of the issuer's material capital expenditures and divestitures (including interests in other companies), since the beginning of the issuer's last

business which is the core business of the Company. In addition, the disposal of investment in BBB will lessen its burden of financial costs and expenditures. Accordingly, the burden of financial costs and

voluminous residential transfers) thanks to strong growth in rent and services revenue, well-controlled expenditures, and higher share of profit from joint ventures and associated companies, despite incurring

will be used to fund the repurchase of the existing notes and to finance the Group’s general corporate purposes, including, but not limited to, working capital requirements, capital expenditures, funding

both current and capital expenditures partly due to the pending of FY2020 budget. Exports for the year 2019 contracted at 2.7 compared to last year, in line with the continuing decline in global demand

, CentralPlaza Mahachai, CentralPlaza Pinklao and CentralPlaza Rama 3, as well as promotional and event-based expenditures in the festive seasons during the year. Hence, administrative expenses to total revenue

, public spending excluding transfers also contracted in both current and capital expenditures partly due to the delay of FY2020 budget. Exports for 1Q20 grew slightly at 0.9% compared to the same period

and capital expenditures partly due to the delay of FY2020 budget. Exports for the first 2 months of 2020 contracted at 0.8% compared to the same period last year. When excluding exports of gold, value

, investments and other related and supporting expenditures such as R&D that may relate to more than one category and/or environmental objective. Three environmental objectives identified above (pollution