experience for luxury & leisure Lifestyle shopping complexes in major tourist destinations 34+ Centers Thailand's first luxury outlet As of 31 December 2018 Offices & Co-working Spaces Central World Central

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

Public Company Limited To President The Stock Exchange of Thailand Reference GPSC’s letter No. 10040000/021/58 dated on August 26, 2015 regarding the project of Central Utility Plant 4 or Central Utility

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 18 Executive Summary Revenue and profit continue to grow primarily from strong rental business performance

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary The Company effectively manages all businesses to mitigate the impact of COVID-19

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 14 Executive Summary CPN’s revenues continues to grow primarily from strong shopping mall performance

Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Management Discussion and Analysis The Thai economy is expected to gradually recover in line with COVID-19

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 16 Executive Summary The Company implemented proactive measures to timely manage the situation rapidly

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary The Company implemented proactive measures to timely manage the situation rapidly

”). Information of KPN Academy KPN Academy was incorporated under Thai laws on 2 December 2013 with a registration, having its registered office at No. 77/1 Soi Ruam Sirimitr Chom Pon, Chatuchak, Bangkok. The main