submit the report of Management Discussion and Analysis for the year ended 31 December 2017 which has been audited by the auditor this is caused by followings: The Operating results of the company and its

ที่ FPI Ref. FPI.011/2019 14 November 2019 Subject : Management Discussion & Analysis of Performance Results of Quarter 3/2019 To : Board of Directors and President of The Stock Exchange of Thailand

Ref. FN. 036/2017 Management Discussion and Analysis For operation of the second quarter of year 2017 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

revenues from medical services decreased compared to the 9 months period of prior year from 106.77 % to 100.92 % in the 9 months period of 2017, presenting the improvement on cost of service management

revenue from the property management and cleaning services which was in line with the increase of successful ownership transfers from 6 completed developments and including additional incomes from (sold

of machine for some manufacturing process has been completed, it will increase the manufacturing efficiency and decrease the long term cost. The Company expect that the cost will be reach the suitable

Ref. FN. 040/2017 Management Discussion and Analysis For operation of the third quarter of year 2017 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

transaction is an appropriate and beneficial to the Company on a long- term basis, and no disagreement to the Company’s Board of Directors has been raised by the Company’s directors and/or the audit committee

amount of THB 3,970 million, increased by THB 257 million from the value of the total assets at the end of 2016 amounting to THB 3,714 million, while the long term assets were slightly increased, which

subsidiaries have the total assets in the amount of THB 3,970 million, increased by THB 257 million from the value of the total assets at the end of 2016 amounting to THB 3,714 million, while the long term