due to the R&D and sales force invested for new products development enhancement and 7.6% lower compare to last quarter due to Q2’19 have high R&D outsource service in Europe Operating profit in Q3-19

force investments for new product development and enhancement to catch up with the rapidly changing technology and the dynamics of borderless marketing. Operating profit in Q2-19 totaled Baht 658 million

., Ltd. will be 65% held by CPN, 30% held by Fatima R.B.D.S. International Co., Ltd., and 5% held by Ascend Development Co., Ltd. Asset Enhancement Projects 1) CentralWorld started a phase-by-phase major

of new projects in the future, THB 2,143 mn of which on enhancement of existing shopping malls and THB 3,426 mn of which on mixed-use development projects. As of December 31, 2017, CPN reported total

annual growth rate (CAGR) in revenue of at least 13% per year. The strategic direction to expand the business through mixed-use development, such as new shopping malls, enhancement of existing shopping

malls, enhancement of existing shopping malls, rental rate escalations, incremental gains from operations management, and residential project development, are key drivers to realize the target. As the

ensuring that the philosophy of sustainable development is ingrained in all operations of our employees as part of their Green DNA, so that they concretely perform their work for enhancement of strategic

resource 11 management that focuses on employee development, leadership enhancement and organizational culture reinforcement, to ensure that we will attain our business targets. 3.3 Customer Segments and

development, such as shopping malls, enhancement of existing shopping malls, residential projects, hotels and offices, both announced and unannounced, to provide adequate levels of cash flow and liquidity as

reviewing all development projects, particularly on mixed-use development, such as shopping malls, enhancement of existing shopping malls, residential projects, hotels and offices, both announced and