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

Introduction & Overview 1 Monica Bae Regional Lead, Capital Markets CDP SEA & Oceania CDP is a global environmental impact non-profit working to secure a thriving economy that works for people and

million baht or 5.17%. The decrease is due to the market of Non-Destructive testing, Inspection and Certification testing and Mechanical testing services are not recover - Cost of service and administrative

facilitates private sector to further advance their fundraising activities and investment on sustainable projects and economic activities. Altogether, these pave the way for a thriving economy, society, and

development, future business direction, and the participation of all relevant sectors, both governmental and private sectors, to recover investors’ confidence will also be addressed.3.    Together towards

Million Baht (56%) from Q2/2016. The main causes for the lower net profit are economic in Thailand have not yet recover and intense competition. Discussion and Analysis of the Company and its subsidiaries

}, without informing the client, continued trading securities in an attempt to recover loss in this account. Also, it was found in the recorded conversation that {A} asked another client for permission to

transaction volume to use of standby subordinated loan facility to recover NC shortfall on a temporary basis which will reduce costs for seeking short-term finance. (2) To require the business operator

, have played a critical role in supporting businesses and individuals through the Covid-19 pandemic. Now financial services have an equally important role to play as we recover - fostering a new, better

) To allow the business operator failing to maintain NC as required due to an increase in the transaction volume to use of standby subordinated loan facility to recover NC shortfall on a temporary basis