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

increased substantially which can outweigh lower visit number. The increase of revenue per visit was the result of more surgeries operated particularly heart surgeries and minimal invasive surgeries. All

. The Company has 3 subsidiaries, Aurum and Aurum Company Limited, M&M 2007 Co. which operates raw material and equipment sourcing and import, and After You Hong Kong Limited (not yet operated) , together

in TSE, has operated its business into various angle including Condominiums & Houses, Hotel Development, Residence Services, Real Estate Investment Advisory and Condominium Management. 4. Other income

and equipment sourcing and import. Analysis of Financial Performance Revenues Business categories Operated by For the three-month period ended 31 March Changes Increase (Decrease) 2018 2017 THB mm % THB

, as SRT and GCT both operate the business by holding other companies’ shares and do not have a business significantly operated by themselves (holding company), therefore as of the date of the

the Company has operated. Shareholders’ Equity As at 30 September 2018, shareholders’ equity was Baht 1,667 million which increased by Baht 343 million from Baht 1,324 million as at 31 December 2017

profit from Capital Market Business operated by Phatra Capital Plc. (Phatra) and subsidiaries. Meanwhile, the consolidated comprehensive income for 1Q20 totaled Baht 799 million, a decline of 41.6% yoy

progress of the Company’s residential projects Project Operated By Project Value (MB) Total Units Sales Progress Cumulative Transferred Value (MB) Start of Transfer in Year No. of Sold Units Million Baht

operated by KKP Capital Plc. and subsidiaries. The consolidated comprehensive income for 1Q21 totaled Baht 1,531 million, an increase of 91.7% yoy from improved market conditions with Capital Market