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

interline revenues from flights operated by other airlines and marketed by it on a code-share basis, revenues derived from non-codeshare interline sales by it of seats on other airlines’ flights, fuel and

deposit of purchase machinery and equipment 10.9 million baht. For the six-month Period 2020 2019 Cash and Cash Equivalent on 1st January 172.2 291.7 Net Cash Provided by (Used in) Operating Activities 4.1

impairment and increased in recognize loss competition and land, building and equipment decline of 1,054.49 Million Baht due to recorded more in impairment of fixed assets and transfer fixed assets of 808.12

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

% compared with the same period of last year because the network marketing business fully operated in the second half of last year. There were the commission expenses for business members together with

in investing activities for the three-month period as of March 31, 2020 in amount of 4.9 million baht. Significant transactions were cash paid for deposit of purchase machinery and equipment 5.1

29.23 million. 3. Property, plant and equipment increased Baht 84.50 million, mostly from the adoption of new financial reporting standards, TFRS 16 Leases, by recognized Right-of-use assets. Total

% Property, plant and equipment 863.77 49.54% 801.24 50.88% 62.53 7.80% Goodwill 107.87 6.19% 107.87 6.85% - 0.00% Intangible assets 43.98 2.52% 28.48 1.81% 15.50 54.42% Deferred tax assets 5.04 0.29% - 0.00

2,201.08 million, increasing by Baht 749.84 million or 34.07%. Total assets mostly consist of property, plant, and equipment amounting to Baht 612.36 million, trade and other current receivables amounting to