mainly derived from the following reasons:- 1. Management Service (“MS”) had a decrease of gross profit for (3.17) million baht. Main reason was that, in Q3/2018, the company already had a renew contract

-Translation- Ref. WINNER 018/2020 May 14, 2020 Subject: Management Discussion and Analysis for the 3-month period ending 31 March 2020 To: The President The Stock Exchange of Thailand 1. Analysis of

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the First Quarter ended 31 March 2020 1. Q1/2020 Highlights Figure 1: Quarterly results  In Q1/2020

situation. Management and operation under the COVID-19 pandemic As the Company temporary closure the cinemas, bowling, karaoke and ice-skate in every branches all over Thailand and overseas including the

months were 45.9% and 53.2%, respectively. These gross margins had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However, the

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

Management Discussion and Analysis Fiscal year ended February 28, 2022 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the audited financial statements for

Management Discussion and Analysis For the 1st Quarter 2022 ended May 31, 2022 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed the

Management Discussion and Analysis For the 1st Quarter 2023 ended May 31, 2023 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed the

in securities for investors. There are two categories of investor contact s which are category A investor contact who is allowed to conduct an analysis on the value or suitability of the purchase or