1 Ref FN. 036/2019 Management Discussion and Analysis For operation of the second quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

Discontinued Operation” so there is no comparative analysis of the revenue and cost from electricity for this period. 2020 2019 % Gross Profit (Loss) 112.45 (232.59) 148.35% Operating Profit (Loss) 12.45 (303.98

1 Ref. FN. 033/2018 Management Discussion and Analysis For operation of the second quarter of year 2018 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

business and also energy business even some projects have already passed the approval for the Board of Directors but such projects are on the construction and have not been starting the commercial operation

Ref. FN. 075/2018 Management Discussion and Analysis For operation of the third quarter of year 2018 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

Piping (SMP) and Electrical and Instrument service, 3. Civil and Building service. 4. Fabrication and Other service. For the Group’s 2017 operation ended 31 December 2017 could summarize as follows

Mechanical Piping (SMP) and Electrical and Instrument service, 3. Civil and Building service. 4. Fabrication and Other service. For the Group’s 2017 operation ended 31 December 2017 could summarize as follows

the subsidiaries (0.03) (0.05) (0.01) (0.02) (0.02) (188.89) Revenue Total revenues from operation of SAAM Group consist of (1) revenues from provision of service and rental including the procurement of

1 Ref FN. 031/2020 Management Discussion and Analysis For operation of the second quarter of year 2020 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

Translation CEN 016-2020 August 14, 2020 Subject Management Discussion and Analysis for business operation of Quarter 2/2020 To The Manager and President The Stock Exchange of Thailand Capital