Total usage amount through "Boonterm Kiosk" (Million Baht) 10,084 10,421 10,611 10,506 10,442 36,175 41,980 16.1% Total number of "Boonterm Kiosk" as the period ended (Kiosk) 124,653 130,404 129,948

results based on its audited consolidated financial statements ended 31 December 2018 as follows. Management’s Discussion and Analysis The following Management's Discussion and Analysis should be read in

Contractual Obligations and Off-Balance Sheet Arrangements Please see Note to Financial Statements for the year ended 31 December 2018 Item 24 Commitment and contingent liabilities. 6 Forward looking The

MDAE_3Q19 Management Discussion and Analysis for the 3 rd Quarter 2019 Ended November 30, 2019 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the

the period ended December 31, 2019. The Group's sales and net profit totaled Bt12,097.4 million and Bt934.5 million, respectively, compared to Bt13,982.5 million and Bt2,014.9 million in fiscal year

results based on its audited consolidated financial statements which ended 31 December 2019 as follows: Management’s Discussion and Analysis The following Management's Discussion and Analysis should be read

amount through "Boonterm Kiosk" (Million Baht) 10,442 10,337 10,430 9,943 9,786 41,980 40,496 -3.5% Total number of "Boonterm Kiosk" as the period ended (Kiosk) 130,053 129,208 129,011 130,283 130,481

ended 31 December 2019, which revenue and net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 31 December 2019 31 December 2018

RATIOS For the Three Months ended on 30 June 2016 30 June 2017 Gross Profit Margin 40.3% 32.9% Net Profit Margin1 42.2% 62.6% Return on Equity 7.04% 12.11% Debt/Equity Ratio 1.50x 0.76x Net Interest

“Company”) submitted its separate financial statement and its consolidated financial statement for the second quarter of 2017 ended on 30 June 2017 which were reviewed by the auditor. The Company hereby