growth, the inconclusive trade war between the US and China, and concerns on foreign investment as the general election held in March 2019 has yet to reach an outcome. Having considered the above-mentioned
Leasehold Real Estate Investment Trust (“GLANDRT”), is considered to have immaterial impact to CPN’s consolidated financial performance as CPN acquired 50.43% of GLAND’s total shares in September 2018. Hence
measures to release the economic impact. Having considered the above-mentioned circumstances, the Bank of Thailand lowered the Thai economy growth outlook in 2020, from an increase of 1.5-2.5% to a decrease
participate effectively in decision-making involving significant corporate matters. Guidelines 8.1.1 The board should ensure that significant corporate decisions are considered and/or approved by the
described in the ICGN Global Governance Principles. However, it should not be considered in isolation. By design it is important that all disclosure integrates consideration of financial and non-financial
portion of the agreement as a payment guarantee and to improve the debt collection period in order to reduce the risk of debt repayment in the future. 4. Are the following transactions considered as a
considered recording the revenue in line with the actual receivables. Other revenue such as rental income and interest income for the year ended 31 December 2019 was 115.8 million baht, an increase of 6.4
announced in the Royal Gazette. This change was considered a post- employment benefits plan amendment and the Group had additional long-term employee benefit liabilities of Baht 3 million. 2.3 Shareholders
considered as a normal level for the business at the beginning stage launching new products into the market which requires high spending. 4. Financial Position of the Company and its Subsidiaries (Unit: Baht
projects both in Bangkok and provinces such as CentralFestival Samui, CentralFestival EastVille, and CentralFestival Hadyai. Revenues from hotel operations Hotel operations are considered CPN’s non-core