MDA_EN_4Q22 Management Discussion and Analysis Fiscal year ended February 28, 2023 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the audited financial
of the independent appraiser causing the net value expected to be received to decrease. So the company plans to sell the remaining projects within 2025, However it depend on economic conditions and
between the US and China, and the global economic slowdown. The economic forecast for 2019 is for the country to continue to grow at a slower rate than prior year; the expansion of consumption is expected
previous quarterly. To: The President The Stock Exchange of Thailand Not yet recovered from the economic fever, world trade war Pushed to become infected with a new strain of the corona virus The IMF expects
economic recovery. From the above situation, it affects the sales that customers postpone, slowing or canceling investment plans. For the second quarter of 2020, the Company recognized revenue from the
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
performance of the Company is built as follows: 1. As a result of economic fluctuations and national household debts, the Company could be affected as real estate business is our main business and the
impacted from the economic slowdown and new regulations of debt collection. - Finance Cost The Company recorded consolidated finance cost for the first nine months of 2019 amount of 1,649 million baht, which
MDA_EN_1Q20 Management Discussion and Analysis For the 1 st Quarter 2020 ended May 31, 2020 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated