was able to maintain debt to equity ratio according to the restriction of long-term loans from local financial. Management and service agreement (Royalty fee) On 1 January 2015, the Group entered into

1 (Translation) MD. 045/2019 February 27, 2019 Re: Management Discussion and Analysis For the Year Ended December 31, 2018 To: President The Stock Exchange of Thailand Management Discussion and

1 (Translation) MD. 045/2019 27 February 27, 2019 Re: Management Discussion and Analysis For the Year Ended December 31, 2018 To: President The Stock Exchange of Thailand Management Discussion and

1 (Translation) MD. 083/2019 May 8, 2019 Re: Management Discussion and Analysis For the Operating Results ended March 31, 2019 To: President The Stock Exchange of Thailand Management Discussion and

1 Ref FN. 036/2019 Management Discussion and Analysis For operation of the second quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

.0107559000397 Tel. 0 2026 0470 - 92 Fax. 0 2026 0499 E-mail. info@firetrade.co.th เลขประจ ำตัวผูเ้สียภำษี : 0107559000397 Page 1 of 3 Pages No. FTE 005/2020 14 August 2020 Subject Management Discussion and

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the First Quarter ended 31 March 2019 1. Q1/2019 Highlights Figure 1: Quarterly results  Thai Financial

(revised) Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the First Quarter ended 31 March 2019 1. Q1/2019 Highlights Figure 1: Quarterly results  Thai

due to lower revenue from sales and services, higher share of losses from investments by the equity method, and higher administrative expenses as mentioned above. Dusit Thani PCL Management Discussion

-TRANSLATION- 25 February 2019 Subject : Management Discussion and Analysis for 2018 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in