1 Ref. FN. 011/2019 Management Discussion and Analysis For operation of the year 2018 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet business, featuring

of the year 2018 which was Baht 156.18 million for Baht 14.32 million or -9.2% due to decrease in employees and management benefits and reward of subsidiaries as significant. Finance costs Finance

-month period year 2018-2019 was Baht 1,520 million, maintained from the same period of last year due to spending management. Non-recurring Item As aforementioned in Q3’2018-2019, the company booked

and temporary investments 385.50 532.65 539.83 -28% -29% Trade receivables 348.38 296.00 270.31 18% 29% Inventories 24.30 24.56 29.00 -1% -16% Property, Plant and Equipment 862.50 845.96 807.84 2% 7

1 Translation UWC 022-2018 May 14, 2018 Subject : Management Discussion and Analysis for quarter 1-2018 To : President of the Stock Exchange of Thailand Ua Withya Public Company Limited ("Company

Page 1 of 5 GEL.CS.021/2561 14 August 2018 Subject Management Discussion and Financial Analysis for the operating results of the second quarter of 2018, ended 30 June 2018 To Director and Manager The

- Translation – Ref. EIC-AD035/2018 November 13, 2018 Subject Management Discussion and Analysis for the Six-Month Period Performance Ending September 30, 2018 To President The Stock Exchange of Thailand The

property, plant and equipment of Baht 950.08 million mostly was the construction in progress for Carnival Magic project. Temporary investment increased of Baht 48.44 million. Trade and other current

Translation CEN 001-2020 March 2, 2020 Subject Management Discussion and Analysis for business operation of year 2019 To The Manager and President The Stock Exchange of Thailand Business operation as

IDH-AC-000-อส6305/04.00 11 May 2020 Re: Management Discussion and Analysis Operating results for the three-month period ended 31 March 2020 To: President The Stock Exchange of Thailand Overview of