Hospitality business1 Hotel 2Q18 1Q19 2Q19 Santiburi Beach Resort & Spa No. of room 90 96 96 Occupancy rate (%) 60% 66% 54% Rev Par (THB) 6,321 9,499 5,769 Phi Phi Island Village No. of room 201 201 201

Leasehold REIT (“CPNREIT”) and the lease of CentralFestival Pattaya Beach and Hilton Pattaya, net profit is reported at THB 9,893 mn, an increase of 7.0% YoY, and total revenue at THB 30,875 mn, an increase

CPN’s operating results despite the impact on its revenue from rent and services from the major renovation at CentralWorld, the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold

Fiji Beach and Castaway Island Fiji have resumed its operation on July 1 and 31, 2020, respectively. − Mauritius Expected to resume on September 1, 2020 Management’s Discussion and Analysis S Hotels and

invested by Premium Foods Co., Ltd. 2.2 Novotel Chumporn Beach & Golf invested by Thai Flavour and Fragrance Co., Ltd. Operating Results (MB) 2020 2019 MB % 2020 2019 MB % Revenues from sales and rendering

Company plans to open 2 pop-up stores called After You on the beach, including Cave Beach Club Pattaya and SO Sofitel Hua Hin, as a marketing campaign for summer, in order to learn about the market and the

to February 2019. For fatty alcohols market, natural fatty alcohols was being more competitive to synthetic fatty alcohols due to its price attractive as CPKO price which is the feedstocks to produce

บการซือ้คอลออปชั่นหรือพุทออปชั่นได้เนื่องจาก พอร์ตโฟลิโอจะให้มูลค่าเท่ากบัมลูค่าคอลออปชัน่และมลูค่าพทุออปชัน่ (Synthetic Call Option/Put Option)ภายใต้ข้อ สมมตุิฐานตลาดที่ปราศจากการเก็งก าไรแบบไร้ความเสีย่งด

จำกรำคำทีป่รับตัวลงมำต ่ำกวำ่ผลติภณัฑท์ดแทนอยำ่งแฟตตีแ้อล กอฮอลสส์ังเครำะห ์(Synthetic Fatty Alcohols) ประกอบกับอุปทำนทีค่่อนขำ้งตงึตัวโดยเฉพำะใน ประเทศจีนและอนิเดยีทีล่ดก ำลังกำรผลติลงเนื่องจำกควำม

price of feedstock decrease, mainly attributable to demand for Natural Fatty Alcohol increased from soft selling prices and having competitive price over Synthetic Fatty Alcohol price levels. Moreover