1. The effect of the Corona Virus Disease 2019 outbreak (COVID-19) At the end of March to the beginning of April, the government had measures such as closed the potential risk places, no activity in

MDA_E_FY17 Management’s Discussion and Analysis Fiscal year ended February 28, 2018 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) already submitted the audited financial

MDA_E_FY16 Management’s Discussion and Analysis FY2016 ended February 28, 2017 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) already submitted the audited financial statements

project values than the previous quarter. This was partly due to the expansion of government investment expenditures regarding the distribution of transportation agencies. Many IT projects have been

-1 - Translation - Ref. LPN/SorKor/386/2562 7th November 2019 Re: Consolidated Financial Statements Analysis Q3/2019 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co., Ltd

affected to limited buying power. For the 2H17, although the government has announced policy to urge economic, the majority of policy related with investment in government and infrastructure which take a

Stock Exchange of Thailand With respect to the financial information for the 2nd quarter ended 30 June 2020, as submitted by the Company, which has been audited by the external auditor, considered by the

with low traveling demand and cooperated with government orders as well as the announcement from Civil Aviation Authority of Thailand (CAAT) regarding to COVID-19 spread out situation. As a result, for

the Stock Exchange of Thailand Attachment: Copy of financial statements dated on 30th June 2017 Thai-English each. Union Pioneer Public Company Limited would like to clarify the net profit for the 2nd

from the economic recovery in export, tourism, investment of private sector, and the expansion of government spending, which is a good sign for the Company operation in 2018. Topic Annual Balance Change