Remuneration Committee, Corporate Governance Committee, and Risk Management Committee 5. Concurred with the Audit Committee’s recommendation and resolved to propose to the AGM to approve the appointment of A.M.T

is merely accounting impact, not related to cashflow from operation. Other Income Q1 2018 Q1 2019 Increase/(Decrease) THB mm THB mm THB mm % Dividend and Management income 48.1 68.7 20.6 42.9% Others

- ร่าง - 1 May 28, 2019 Subject Management Discussion and Analysis for the year ended 31st March 2019 To President of the Stock Exchange of Thailand Secretary of the Office of Securities and Exchange

- ร่าง - 1 May 28, 2018 Subject Management Discussion and Analysis for the year ended 31st March 2018 To President of the Stock Exchange of Thailand Secretary of the Office of Securities and Exchange

- ร่าง - 1 August 14, 2018 Subject Management Discussion and Analysis for the period of three months ended 30th June 2018 To President of the Stock Exchange of Thailand Secretary of the Office of

transaction between the Company’s subsidiary and IRSL whose major shareholders are (i) the close relative of the Company’s management and (ii) the management of the Company. Based on the Maximum Share Purchase

MDA_EN_1Q20 Management Discussion and Analysis For the 1 st Quarter 2020 ended May 31, 2020 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated

23_MDA Q3_2563 EN -Translation- No. ECF2 038/2020 16 November 2020 Subject: Management Discussion and Analysis of the 3rd quarter and 9-month period ended 30 September 2020 To President The Stock

Income Q3 2018 Q3 2019 Increase/ (Decrease) 9M 2018 9M 2019 Increase/ (Decrease) THB mm THB mm % THB mm THB mm % Dividend and Management income 102.4 112.0 9.4% 260.0 312.7 20.3% Others 72.2 55.7 (23.0

Management Discussion and Analysis For the 2nd Quarter 2021 ended August 31, 2021 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed