1 Ref FN. 007/2020 Management Discussion and Analysis For operation of the year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet business, featuring

1 Ref FN. 026/2019 Management Discussion and Analysis For operation of the first quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

1 Ref FN. 036/2019 Management Discussion and Analysis For operation of the second quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

1 Ref FN. 047/2019 Management Discussion and Analysis For operation of the third quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

subsidiary in which the Company directly holds 100% of total issued shares) to be the acquisition vehicle and own lands with hotel building known as Vienna House Easy Chopin Bratislava (“Vienna House Easy

year of 2019 and more efficient cost management that caused selling and administrative expense to decrease by 1.5% from the year of 2018. For the branches expansion in the year of 2019, the company

property management business in 2017 was THB 81. 27 million, increased from THB 71. 74 million last year. Its gross profit increased THB 7. 48 million or increased by 27. 3% from year 2016. The Company

หนังสือแสดงการรับทราบความผิด 27 February 2020 Subject : Management Discussion and Analysis of the year ended 31 December 2019 Attn. : Director and Manager The Stock Exchange of Thailand Encls. : A

LH Property and Loan Fund II 18.00 17.96 Quality House Public PLC. 221.31 210.96 Total 857.81 778.24 Share of profit from investment in associates in 1 st quarter of 2019 was increased of 79.57 million

in gross profit. 3. Details of the revenue from sale are as follows: Type of product 1 st quarter of 2020 1 st quarter of 2019 Single Detached House 75% 80% Town House 16% 13% Condominium 9% 7% Total