Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 16 Executive Summary CPN’s revenues continues to grow primarily from strong rental business performance

Mobile Financial Services Promoters, and at the same time, will grow their businesses. Tigo in your Community • The project equips community centers with computer equipment and teachers to educate 5,000

sales, sales in the Company’s major focused countries still could continue to grow.  Export CMG sales decreased by c.45% YoY, since there was some customer ending the distribution contract with some

decreasing of oil price in this quarter had good result to Cost of production. In Q1/2019, Export sector will consistently grow. Meanwhile, domestic consumption will expand although household have risk from

main lime consuming sectors of the industry continue to expand: the sugar cane harvest will be flat compared to last season which was a record year. The steel industry will continue to grow but at a

will grow as continuously and reduce the cost of sales and services that are currently available. And the result is good operation. 5.5 Filters Vision Public Company Limited continuously introducing new

continued to grow at 25% YoY. This was impacted by financial statement adjustment in accordance with new Thai accounting standards. According to the previous accounting standards, Q3/2019 total sales would

half of 2019. By the way, Solar Energy Power Plants segment has an operation profit since Quarter 3 which expected to grow in the future. Administrative expenses Administrative expenses for the year

11 December 2019, the company was awarded an honorary award of Sustainability Disclosure Recognition, from Thaipat Institute, that enables stakeholders to grow alongside the company, and in respond to