and interest into the Company's working capital, which expected that the case will be completed by mid-2019. 3. To use it as working capital in the business operation and/or any other business that can

normal course of business due to all transactions are taking to supporting the business operation and also the terms and conditions are satisfied. Please be informed accordingly. Sincerely yours

) was made to disclose information and the 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

1 Translation CEN 015-2019 November 14, 2019 Subject : Management Discussion and Analysis for business operation in Quarter 3-2019 To : The Manager and President The Stock Exchange of Thailand

1 Ref FN. 007/2020 Management Discussion and Analysis For operation of the year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet business, featuring

240.98 2.62 240.29 3.33 0.69 0.29 Administrative expenses 481.12 5.23 516.44 7.16 (35.32) -6.84 Specific Business Tax 355.03 3.86 255.72 3.55 99.31 38.84 Finance Cost 165.39 1.80 88.99 1.23 76.40 85.85

working capital in the operation business. The Company has loan principle of Baht 94 million, interest payable of Baht 4.09 million (calculated until September 30, 2017), totaling of Baht 98.09 million

working capital in business operation, sourcing raw materials, and increase Company’s production capacity. The interest rate of this loan can be divided into 3 categories as follow; 1. Funded portion at 12

fund as working capital in business operation, sourcing raw materials, and increase Company’s production capacity. The interest rate of this loan can be divided into 3 categories as follow; 1. Funded

1 Ref FN. 026/2019 Management Discussion and Analysis For operation of the first quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet