increased from 4.16% during the same period of last year. The increase in SG&A was mainly related to the consolidated expense of supporting the Company itself and its overseas subsidiaries’ operation as well

No. CC20191103ELE November 12, 2019 Re: Clarification of the changes in operation performance for the third quarter and the nine- month period ended 30 September 2019 Attn: The President The Stock

Management Discussion and Analysis for the 2nd Quarter 2019 Ended August 31, 2019 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed

MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 13 MAY 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 1Q 2019 • Consolidated revenue increased by 149.3% to THB 689mn

MANAGEMENT DISCUSSION & ANALYSIS 3Q 2019 6 NOV 2019 MASTER AD PUBLIC COMPANY LIMITED 1 13 May 2019 QUARTERLY BUSINESS REVIEW – 3Q 2019  Consolidated revenue increased by 54.0% YoY to THB 748mn o

ENDED DECEMBER 31, 2017 1. Operating performance as compar ison analysis between those in the year 2017 and 2016 in consolidated financial statement. Description 2017 2016 Increase (Decrease) Amount

54,750,000 cubic meters per year for phase 1A which has commenced operation since the first quarter of 2019. SDWTP is undergoing the phase 1B expansion of another 54,750,000 cubic meters per year, which is

31.28 38.76 123.91% Consolidated financial information The gross profit has increased by 25.89%, from Baht 194.24 Million in 2016 to Baht 244.53 million in 2017, due to following reasons: 1. Management

Management Discussion and Analysis for the 3rd Quarter 2021 Ended November 30, 2021 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed

vision of the management in order to assist investors to better understand the company's financial status and operation. It also supports the "Good Corporate Governance Project" of the Securities and