, namely 1.) Central Village, the first international luxury outlet in Thailand, in 3Q19 and 2.) CentralPlaza Ayutthaya by early 2020. CPN also made continuous progress with the asset enhancement initiatives

indicated impressive improvement in terms of audit manuals and audit programs for most of the audit firms. Nonetheless, more emphasis on some areas is needed, such as planning and risk assessment as well as

quality control systems. Of the total 32 audit firms, 53 percent received the Good to Very Good evaluation results – an improvement from 48 percent in 2019 and from 51 percent in 2020. In addition, seven

million baht Objectives Allow APCON to allocate cash flow of the business more appropriately and will encourage the other projects continuous progress page 3/4 Interest rate 6.5% per year Term of loan

continuous progress, together with the transaction has interest rate, loan period, repayment schedule and other conditions appropriate which will be able to generate long term benefits to the company and

.............................................................................................................................................................. 15 3.3. Pathway 2: Relative Performance Improvement ................................................................................................................................................. 16

also made continuous progress with the asset enhancement initiatives, particularly with CentralWorld, which is on track for completion in 3Q18. Preparations are also made with the major renovation

flow of the business more appropriately and will encourage the other projects continuous progress Interest rate 6.5% per year which is higher than the deposit interest rate that the company receive from

first international luxury outlet in Thailand, in 3Q19 and 2.) CentralPlaza Ayutthaya by the end of 2019. CPN also made continuous progress with the asset enhancement initiatives, particularly with

the ongoing management of the product mix and improved assortment planning for all product range. This includes product development under the private brand to enhance the gross margin. In March, the