33.32 million Baht increased from the Third Quarter Ended September 30, 2016. This is due to that the expanded business effects the employee expense such as the salary expense, overtime expense

property in Surat Thani Province. - 4 - Size of Transaction : The transaction process conforms to transaction type No.2, referring to the announcement of the committees of the Stock Exchange of Thailand

1 Ref. FN. 011/2019 Management Discussion and Analysis For operation of the year 2018 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet business, featuring

associated company of 10.73 million baht from less operating profit results of associated companies with a decreased in property, plant and equipment at 9.99 million baht due to the annual depreciation

(12.0) (3.3) (8.2) (2.1) Revenue from product under Company’s trademark – Net 355.2 99.0 374.3 96.8 2. Sales from OEM business 0.0 0.0 0.0 0.0 Total sales 355.2 99.0 374.3 96.8 Other income /1 3.7 1.0

business, featuring both house brand and other brand products. To date, the Company has 11 outlets (Phetchaburi, Kanchanaburi, Pattaya, Pak Chong, Sing Buri, Hua Hin, Sriracha, Phra Nakorn Sri Ayutthaya, Hat

customer and faster turnover rate of inventory. 1.2 Non-current asset as of September 30, 2019 with amount of 666.36 million bath decrease by 17.20 million bath or 2.49% decrease, is reduced in property

ceased the tourism business due to unconformity with the Company’s policy. 1.2.3 Other revenues Unit : Million Baht March 31, 2020 March 31, 2019 Increase (Decrease) Amount % Membership 0.29 0.63 (0.34

29.23 million. 3. Property, plant and equipment increased Baht 84.50 million, mostly from the adoption of new financial reporting standards, TFRS 16 Leases, by recognized Right-of-use assets. Total

Commission) " >##* ,# : b#" # , : b>ก%7 + .+: +: b 8 ก *. (Including Value Added Tax, Specific Business Tax and Relevant Tax (if any)) ** " >## . +9K (Trustee Fee) 6%' 10.33 $ ( : !$ ) "6+ 0.008 *#" !K