-1- AIT (VP-SEC) 033E/2020 November 10, 2020 Subject: Management's Discussion and Analysis of Operating Results for Q3–2020 To: The President of The Stock Exchange of Thailand Summary of Operations

which may affect the company’s credibility should it undertake fund management business, and whether the company has prepared for the operations of the branch office to be established, an operating system

operating system that is appropriate for servicing customers, as prescribed in clause 5 of the Notification of the Securities and Exchange Commission No. KorNor. 2/2550 Re: Rules, Conditions and Procedures

increased 1 branch from previous quarter, 438 ATMs, and over 6,307 member dealers to provide quality financial services to AEON cardholders. Operating Results Revenues In the first quarter of 2019, the total

1 (Translation) MD. 134/2019 August 7, 2019 Re: Management Discussion and Analysis For the Operating Results ended June 30, 2019 To: President The Stock Exchange of Thailand Management Discussion and

operating days of the same branch In the 2nd quarter of 2018 and 2019, the Group’s other income dropped from THB 23.9 Mn to THB 8.5 Mn respectively, a decrease of THB 15.4 Mn or 64.4%. And for the six months

. Operating Results Revenues In the first quarter of 2018, the total consolidated revenues were 5,016 million baht, showing an increase of 628 million baht or 14% from the same period last year and at the same

1 (Translation) MD. 155/2018 November 14, 2018 Re: Management Discussion and Analysis For the Operating Results ended September 30, 2018 To: President The Stock Exchange of Thailand Management

3344 Fax. 66 2 654 3323 No. PACE IR2018/018 Date: 14 November 2018 Subject: Explanation of the Operating Results for the third quarter of the year 2018 ended 30 September 2018 changing over 20% To: The

Overall Operating Results for the Company and its subsidiary 1.1 Analysis of Operating Results for the Company and its subsidiary for the 3-month period ending 31 March 2020 Table 1: Overall operating