August 14, 2019 Ref: SET-2019-010 Re: Management Discussion and Analysis for Quarter 2’ 2019 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited and its

shortage. UU submitted the lowest price for 2 projects, in which it is projected to require 237 million baht in investment in: ownership of land, long term land rental (for the source of untreated water

projects. ABP5 efficiency improvement via LTSA with Siemens ABP5 completed maintenance service under Long Term Service Agreement (LTSA) with Siemens in August. This is the second project implemented after

consider approving the entering into such transaction. 3.3. Rationale and background of the transaction Due to the policy decisions by the former management of the company last year 2014 in the auction of

the Company’s newly-issued ordinary shares throughout the term of the MACO-W2 in case the Company issues and offers newly-issued ordinary shares through Private Placement at the “net price per share of

expects to enter into construction contracts for waste management systems to produce RDF and organic fertilizer In the near term But there may be opportunities for errors and / or delays in 8 projects 6

Company’s other acquisition transactions within the past six months, i.e. the investment in the long-term lease of an office building in London, the United Kingdom, which was approved by the Board of

Bt78,463mn grew 6.3% supported by cost management, with margin 42. 8% vs guidance of to maintain EBITDA margin. Net profit was Bt31,051mn, increased 4.6% YoY and invested CAPEX was Bt20mn versus the guidance

customer perception. We continue to focus on delivering fair profitability balancing between short- and long- term drivers while keeping our solid financial strength. Market and Competitive Environment As

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