25% of such shares. Therefore, the Board of Directors and/or the Executive Committee and/or Managing Director and/or the person(s) who is authorized by the Board of Directors and/or the Executive

the same time. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 3 / 12 The conversion of CPNRF into CPNREIT marks another success in managing assets effectively to

downturn and normally performs ahead of the general GDP trend. As uncertainties lie ahead, the management focuses on mobilizing operational responses to protect revenue while managing cost to ensure

shall include managing director or equivalent which is called differently; “Market price” means price of equity instrument in securities exchange or price of debt instrument which was offered by Thai Bond

company and shall include managing director or equivalent which is called differently; “Market price” means price of equity instrument in securities exchange or price of debt instrument which was offered by

managing liquidity appropriate to the changing environment and in compliance with Bank of Thailand’s regulations on the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR) requirements

from managing capital structure, making the Company receive working capital available for the demand of cash flow in a timely manner 7.3 This asset disposal will also help reduce the high-rate interest

. Sincerely yours, Mr. Uchai Vilailerstpoca Managing Director Enclosure Page 1 of 9 Information Memorandum on the Disposition of Assets Relating to the Business of Manufacturing Accessories and Faucet Products

(Record Date) on 20 January, 2020. Please be informed accordingly. Yours sincerely - SOMKIAT VONGSAROJANA - Mr. Somkiat Vongsarojana Managing Director Enclosure 1) The price was set in mediation agreement

areas including managing and controlling fixed and variable costs, monitoring company’s liquidity, managing any policy relating to employees and revising the short-term plan to ensure the least impact to