Management Discussion and Analysis for Interim Business Operation ( Revised ) Financial Performance for the year ended Sebtember 30, 2019 (Unit : Millon Bath) 2019 2019 Inc/(Dec) % Construction

ที่ FPI Ref. FPI.001/2020 25 February 2020 Subject : Management Discussion & Analysis of Performance Results of the year ended 2019 To : Board of Directors and President of The Stock Exchange of

1 Ref FN. 007/2020 Management Discussion and Analysis For operation of the year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet business, featuring

30 April 2019 At: ACC/HO 012/19 Re: Management Discussion and Analysis for the Quarter of 1/2019 To: President The Stock Exchange of Thailand In the first quarter of 2019, the Thai economy expanded

Company Limited ( the “ Company” ) would like to submit the Management’ s Discussion and Analysis ( MD&A) of the Consolidated Financial Results for the first quarter of 2019 ending March 31, 2019, as

ที่ FPI Ref. FPI.006/2019 10 May 2019 Subject : Management Discussion & Analysis of Performance Results of Quarter 1/2019 To : Board of Directors and President of The Stock Exchange of Thailand

ที่ FPI Ref. FPI.006/2019 14 August 2019 Subject : Management Discussion & Analysis of Performance Results of Quarter 2/2019 To : Board of Directors and President of The Stock Exchange of Thailand

ที่ FPI Ref. FPI.007/2019 14 August 2019 Subject : Management Discussion & Analysis of Performance Results of Quarter 2/2019 (edit) To : Board of Directors and President of The Stock Exchange of

Management Discussion and Analysis for Interim Business Operation Financial Performance for the year ended Sebtember 30, 2019 (Unit : Millon Bath) 2019 2019 Inc/(Dec) % Construction income 23.88

, at a par value of Baht 10 per share, at a selling price of approximately Baht 33.33 per share, equivalent to the total value of Baht 510,000,000, (the “Investment in Ordinary Shares of S-TREK”) which