"CPN Retail Growth Property Fund" or "CPNREIT" has revealed that the trust's performance remains strong, clearly reflecting the recovery of the retail and office sectors, showcasing an average occupancy rate above 90%. This reaffirms confidence from tenants and service users, while benefiting from the trend of "Experiential Tourism" with the grand national event Thailand's Pride Celebration 2025 "Pride For All," expected to attract over 1.3 million attendees throughout June, stimulating the economy and tourism, and supporting Thailand's goal to become a World Festive Destination. Additionally, the Summer Grand Sale 2025, the largest mid-year sale event, aims to boost traffic by 25-30%."

Ms. Naparat Sriwanwithee, Director of CPN REIT Management Co., Ltd., the manager of CPNREIT, stated that the overall retail industry situation from the perspective of landlords has shown continuous positive signals. This is evident from CPNREIT's performance, where approximately 40% of rental income comes from Turnover Rent agreements, serving as a direct measure reflecting the operational potential of tenants. According to this data, rental income from this group of tenants continues to grow compared to the same period last year, excluding two shopping centers, Central Pinklao and Central Chiang Mai Airport, which are under renovation. Rental income and services from the main shopping centers have increased due to contractually adjusted rents, while rental income from office buildings has grown strongly due to a 100% occupancy rate at Unilever House, and hotel rental income has also risen in line with contractual adjustments following renovations.

A key factor reinforcing CPNREIT's strength is the high renewal rate of shopping center leases, resulting in an average occupancy rate remaining above 90%, reflecting the quality and stability of most tenants in the trust. Meanwhile, the shopping centers undergoing renovations (Central Pinklao and Central Chiang Mai Airport) have seen a temporary decline in visitor numbers, which is only a short-term impact from the renovations. Traffic recovery in Q1 2025 was at 88% of normal levels, indicating that customers continue to return. CPNREIT is committed to managing and developing properties in its portfolio continuously to create stable and sustainable returns for unit holders.

At the same time, the trust is studying and considering investments in shopping centers both in Bangkok and provincial areas, focusing on centers with good performance and in locations with ongoing growth potential to enhance income stability and foster long-term growth of CPNREIT's returns, thereby increasing investor confidence in the future.

Ms. Naparat added that amidst competition in the shopping center and retail space, it is evident that global retail trends have shifted towards ‘Experiential Tourism,’ aligning with the policy of Central Pattana Public Company Limited (CPN), the major sponsor of CPNREIT, which is committed to continuously creating activities within shopping centers to provide the best experiences for customers and differentiate its centers. This includes organizing a variety of interesting activities in lifestyle, entertainment, and social events, as well as curating over 1,000 Magnet Events nationwide to promote Thailand as a World Festive Destination by attracting mid-to-high-end shoppers from around the world, including Asia, Europe, America, and the Middle East, to visit and shop in Thailand through local Thai festive events nationwide.

In June 2025, Central shopping centers nationwide will host Thailand's Pride Celebration 2025 “Pride For All,” an important festival that drives tourism and the economy. Central Pattana, the property manager of CPNREIT, is committed to promoting Thailand as a global Pride Landmark and is prepared to host World Pride 2030 in the future. This reinforces its position as the No.1 Pride Landmark Nationwide, creating a massive impact across the country. It has initiated Inclusive Pride Activities tailored to different generations, featuring a grand Pride Parade across more than 19 branches, including Central Pattaya, one of the trust's assets. This event is expected to stimulate the economy and attract traffic from both Thai and international tourists, with an estimated total of over 1.3 million attendees nationwide throughout June 2025 at Central shopping centers.

Simultaneously, it has moved forward to collaborate with leading business partners nationwide, both public and private, in the “Summer Grand Sale 2025,” the largest mid-year sale event of the year, offering discounts of up to 80% from over 28,000 brands and 12,000 stores. It invites Thai people to “shop to support the nation” by promoting the economy and tourism to attract international tourists, including short-haul, long-haul, and quality shoppers from around the world, to stimulate spending during the mid-year and drive the Thai economy in Q2–3. This is part of the effort to position Thailand as a competitive Global Shopping Destination in Asia and globally, with a Midyear Sale Campaign covering all product categories, aiming to increase nationwide traffic by another 25–30% from this activity.