new loan for business expansion to generate new revenue stream. CPN continues to exercise effective cost management and according to the changing business environment. Central Pattana Public Company

exercise effective cost management and according to the changing business environment. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 11 of 18 Weighted average

changing of segment mix from store closure. After reopened, the slow growth of fashion segment which had higher margin than Central Retail Corporation Public Company Limited Management discussion and

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

Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Executive summary The overall global economy was projected to slow down significantly due to the COVID-19

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 Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Management Discussion and Analysis Economic overview The tightening of COVID-19 containment measures in

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) Performance Overview Revenues and profits grew solidly. 2 new shopping malls: CentralPlaza Nakhon Ratchasima and