K.C. Property Public Company Limited, Le Concorde Office Tower,19th Floor, Room No.1901, 202 Huaikhwang District, Bangkok 10310 Tel. 0-2276-5924, www.kcproperty.co.th, Company’s Registration No

1 Ref FN. 023/2020 Management Discussion and Analysis For operation of the first quarter of year 2020 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

Document Origin Property Public Company Limited 4496 Moo 9 Samrong Nuea Subdistrict, Mueang Samut Prakan District, Samut Prakan Province 10270 Page | 1 The amended contents are written and underlined

Document Origin Property Public Company Limited 4496 Moo 9 Samrong Nuea Subdistrict, Mueang Samut Prakan District, Samut Prakan Province 10270 Page | 1 No. ORI 48/2017 31 July 2017 Subject: The

connects with other rail lines such as Green Line, Purple Line, Orange Line, Red Line and Airport Rail Link which is convenience for the passengers. (Translation) Bangkok Expressway and Metro Public Company

32% EBITDA 96 135 41% 177 248 40% Net Profit (Loss) for the Company 43 73 70% 77 127 65% Gross Profit Margin (%) 64.2% 66.5% 2.3% 64.1% 66.5% 2.4% EBITDA Margin1 (%) 31.8% 35.5% 3.7% 31.1% 34.3% 3.2

, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and

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

further detail, please contact Investor Relations Section of the Electricity Generating Public Company Limited at Tel: 662-998-5145-8 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1

sq.m., in which the Company has 85% stake in the project. The project represents a distinguished experience and selecting an iconic global brand matching urban lifestyle with green area more than 1,000