11 Management Discussion and Analysis Fiscal year ended February 28, 2019 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) already submitted the audited financial statements for

Cost 4,631.8 6,400.8 38.2% Gross Profit/2 6,232.8 6,007.9 (3.6%) Net Profit 2,906.8 3,229.3 11.1% Normalized Total Revenue/3 10,882.7* 13,058.7 20.0% Normalized Net Profit/4 2,422.8* 2,932.9 21.1% /1

PERFORMANCE Consolidated Financial Statements Q1 2019 Q1 2020 Increase/ (Decrease) THB mm THB mm % Total Revenue and Share of Profit 3,803.0 1,277.8 (66.4%) Total Cost 2,614.2 546.4 (79.1%) Gross Profit 1,074.0

MANAGEMENT DISCUSSION & ANALYSIS 3Q 2018 14 NOV 2018 U CITY PCL 3Q 2018 MD&A (for the quarter ended 30 September 2018) 1 U CITY PCL 15 MAY 2018 3Q 2018 KEY FINANCIAL HIGHLIGHTS  Total revenue rose

MANAGEMENT DISCUSSION & ANALYSIS 2019 14 FEBRUARY 2020 U CITY PCL 2019 - MD&A (for the year ended 31 December 2019) 1 U CITY PCL 2019 KEY FINANCIAL HIGHLIGHTS • Total revenue increased by 53.4% YoY

entering the Company’s properties. Page 5 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 Additionally, the Company puts an emphasize on efficient cost management to

Management Discussion and Analysis For the first quarter ended March 31, 2019 Kiatnakin Bank Public Company Limited Investor Relations Email: investor_relations@kiatnakin.co.th Tel. +66-2495-1366

subsidiaries received decresed orders from customers. Other revenue increase 5.18 million Baht or 77.78% compared to the same period of last year due to the revenue of other services increase. The main cost of

Microsoft Word - MDA Q4-2563_Eng_28 may 2020 May 27, 2020 Subject Management Discussion and Analysis for the year ended 31st March 2020 To President of the Stock Exchange of Thailand Secretary of the

of creditors. In cost of sales due to the company had sales volume decreased in 2019 as result to the costs of goods and services decreased amount of 34.99 million Baht or decreased 11.49% compared