million in 3Q17 and 9M17, respectively. The main drivers were attributable to a decrease in room revenue due to three hotel renovations and an increase in administrative expenses to support business

baht per person per day. To this end, Thailand’s upcoming 13th National Economic and Social Development Plan for 2023-2027 prioritizes achieving high-value, eco-friendly economy, society of opportunities

Social Development Plan for 2023-2027 prioritizes achieving high-value, eco-friendly economy, society of opportunities and equality, sustainable way of life, and strengthening enabling factors for

6 Sustainable Development Goals by UN • Promote eco-friendly business activities and address environmental & social risks • Energy Management System Committee, focusing on energy related issues

believes in sustainability and will incorporate it in one of our core business strategies. GC would like to propose solutions for all as follows: 1. Bioplastics - landfill and eco-friendly, 2. Plastics are

effective mall management and operating cost control despite major renovations at CentralWorld and CentralPlaza Rama 3 The Thai economy in 3Q17 continued to expand courtesy of solid growth in export of goods

renovations.  Selling expenses increased by Baht 33 million which is principally due to higher exhibition expenses, specific business tax and transfer fee offset by lower commission expense.  Administrative

of a reduction in occupancy of Laguna Phuket hotels. The occupancy was adversely impacted by renovations and constructions within and around some of the Laguna Phuket hotels, the strong Thai Baht, and

common area charges for building renovations.  Selling expenses decreased by Baht 2 million as the decrease in hotel selling expenses were offset by the increase in selling expenses of property

area charges for building renovations. • Selling expenses increased by Baht 20 million mainly due to property sales commission. • Administrative expenses decreased by Baht 18 million mainly due to lower