ongoing major renovation at CentralWorld and the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT”) in December 2017. CPN continues to emphasize on effective revenue
agreed with the conversion of CPNRF into CPN Retail Growth Leasehold REIT (“CPNREIT”) and the lease of CentralFestival Pattaya Beach shopping mall (certain parts) and Hilton Pattaya to CPNREIT, detailed as
4กก !ก" '# !(- .( !ก"/ '# !( B#$#0,%(กก &$ก450#$#0 #.#กกก '# !( 4กก !ก" '# !(- .(! ก"/ '# !( 40#B"5 / 31 $ 2560 2. ก/'1%&3(ก18< T.# ! % (&) 0,U#. ! ก& CPNREIT ,5 !(#"$#&ก 11,908,000,000 (05
’ Meeting of CPNRF passed a resolution to approve the conversion of CPNRF into CPN Retail Growth Leasehold REIT (“CPNREIT”) and the lease of CentralFestival Pattaya Beach shopping mall (certain parts) and
allocation together with manage a cashflow adequacy to operate business during this circumstance. Due to the extremely fluctuation of stock market in recent times, CPN Retail Growth Leasehold REIT (CPNREIT
Performance in 2Q20 (1) Assets under CPNREIT comprises 1) 5 shopping malls, namely CentralPlaza Rama 2, CentralPlaza Rama 3, CentralPlaza Pinklao (including Pinklao Tower A & B office buildings), CentralPlaza
cost management to its businesses. Furthermore, CPN is currently preparing to lease assets to CPN Retail Growth Leasehold REIT (CPNREIT) with 4 additional assets, as well as the extension of lease at
Retail Growth Leasehold REIT (CPNREIT) with 4 additional assets, as well as the extension of lease at CentralPlaza Rama 2, with a total transaction value of no more than THB 48,560 mn as announced on the
(certain parts) and Hilton Pattaya to CPNREIT has a net asset price of Baht 11,908,000,000 (details are shown in enclosure). Based on the value of the consideration given or received basis according to the