Microsoft Word - letY17EMD&A .doc (Translation) 23rd February 2018 Subject: Management Discussion and Analysis (MD&A) of year 2017 To: Managing Director of the Stock Exchange of Thailand Business

intended purpose or planned budget, supervision of property manager ensuring operation is in accordance with strategic plan and 10 REIT management policy to be able to increase revenue and reduce risk from

, 2016, and 2015 Unit: Baht million 2017 % 2016 % Increased (Decrease) % 2015 % Increased (Decrease) % Revenue from sales and services 49,269.3 100.00 46,887.3 100.00 2,382.0 5.1% 46,938.2 100.00 2,331.1

MDA_EN_ FY2019 Management Discussion and Analysis Fiscal year ended February 29, 2020 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the audited financial

- - Doubtful Account 86.97 762.23 - - Impairment of intangible assets - - 16.87 31.69 Loss on impairment of goodwill 51.20 448.73 - - Loss on impairment of investment in associate 1.64 14.37 - - Management

บทรายงานและการวิเคราะห์ของฝ่ายบริหาร Management Discussion and Analysis For the Financial Result of Year 2019 Ended December 31, 2019 Note: This Management Discussion and Analysis (MD&A) was made to

not connected persons of the Company or the Buyer as (1) directors and management of the Company; (2) authorized controllers; (3) major shareholders; (4) persons to be nominated as management or

Management Discussion and Analysis for the 3rd Quarter 2021 Ended November 30, 2021 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed

Microsoft Word - ACE MD&A YE22 - EN 1 No. ACE-ACC-1/2023 28 February 2023 Subject Management Discussion and Analysis for the year ended 31 December 2022 To President The Stock Exchange of Thailand

Microsoft Word - ACE MDA Q3 23 - EN_R3 1 No. ACE-ACC-4/2023 14 November 2023 Subject Management Discussion and Analysis for the period ended 30 September 2023 To President The Stock Exchange of