increased by 13.9 percent compared to the same quarter of the previous year and increase by 20.1 percent from the quarter 2/2017 in which the Chinese market is still the major market and continuously growth

and services, which is increased from the same period of the previous year in the amount of THB 11 million or equivalent to an increase of 0. 1 percent, because the growth of the same store sales of the

growth of the same store sales of the restaurants and bakery are increased at the rate of 0. 4 percent while the same store sales of the domestic bakery shops are decreased by 1. 9 percent as a result of

the third quarter of the year 2017 of Baht 48.68 million or -55.1% due to revenue from operations was decreased while the overall expenses was increased at the higher rate than the revenue growth. 3

1 Ref FN. 031/2020 Management Discussion and Analysis For operation of the second quarter of year 2020 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

shareholders of the Company and does not provide a service as consultant for the Company, have no relationship and have no vested interest with the Company, subsidiaries, the management, major shareholders or

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

No. ADD 12/2021 15 November 2021 Subject: Management discussion and analysis for the performance for the nine-month period ended 30 September 2021 To: President The Stock Exchange of Thailand AddTech

MDA_EN_1Q17 Management Discussion and Analysis for the 1 st Quarter 2017 ended May 31, 2017 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated

. The domestic economy recovered at a modest pace. Public spending and private consumption remained to be the main growth drivers. Private investment remained at a similar level compared to the same