(Philippines) INC. (“AEON Systems”) Within August 2019 (After the Board of Director of AEON Thana Sinsap (Thailand) PLC approval) 1.2 Business Administration and Support Company Date of agreement AEON Financial

declined due to new re-design and management for better effectiveness to reduce such headcount and expense. Administrative Expenses (Admin.) The Administrative Expenses in 2018 and 2017 was THB 140.41

) Revenue Gross profit Selling Admin Net profit Q1/18 213,552 76,707 21,974 18,709 27,898 Q1/19 236,732 84,100 22,010 20,368 35,928 Change 23,180 7,393 36 1,659 8,030 % Change 10.85% 9.64% 0.16% 8.86% 28.78

SELLING ADMIN NET PROFIT 3Q/17 3Q/18 Revenues Gross Profit Selling Admin Net profit 3Q/17 185,920 62,255 17,599 18,053 19,079 3Q/18 249,407 89,092 21,509 18,502 32,736 Change 63,487 26,837 3,910 449 13,657

Baht 35 million to Baht 56 million. Quarter 2 Quarter 2 2020 2019 Revenue 374 383 (9) -2% Cost 318 348 Gross profit 56 35 21 60% Gross profit margin 15.0% 9.1% Other income 1 1 0 1% Selling & Admin

margin 95,426 83,001 12,425 14.97% Selling Expenses (24,213) (22,124) 2,089 9.44% Admin Expenses (28,825) (18,495) 10,330 55.85% Finance cost 831 946 (115) (12.16%) Net profit 30,641 28,250 2,391 8.46

75,693 84,100 (8,407) (10.00%) Selling Expenses (21,299) (22,010) (711) (3.23%) Admin Expenses (26,053) (20,368) 5,685 27.91%) Finance cost 1,372 1,092 280 25.64%) Net profit 33,055 35,928 (2,873) (8.00

(59.64) -13.5% Cost 348.48 384.03 Gross profit 34.96 59.05 (24.09) -40.8% Gross profit margin 9.1% 13.3% Other income 1.04 0.14 0.90 Selling & Admin expenses 28.14 33.31 (5.18) -15.5% 7.3% 7.5% Finance

due to higher network depreciation. SG&A stood at Bt19,327mn, rising 3.1% YoY mainly from higher staff cost and the one-time admin expense in 3Q18, offset by lower marketing expenses. As a result

% from selling expenses the amount of THB 59.93 million in the year 2013. The major contributions were the cost of transportation and products insurances. Administration Expenses The company’s