Company Limited (“The Company”) and its Subsidiary (“The Group”) would like to submit the operating results for the year ened 31 December 2017 with the following details as below : Overall Business The

canceled the production of tape and weaving process following the new business model to reduce the cost the purchasing of plastic resin through banking (TR) has been canceled too results in the financial

1 Ref FN. 023/2020 Management Discussion and Analysis For operation of the first quarter of year 2020 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

20.83% SAAM Energy Development Public Company Limited - 2 - Revenue Total revenues from operation of SAAM Group consist of (1) revenues from provision of service and rental including the procurement of

include: land, hotel, Observation Deck, Retail Cube Building, sculptures and painting, the licenses and contract which are relevant to the operation of PP1 (Hotel) and PP3 (Observation Deck and Retail Cube

Ratchadamri to LH Hotel Leasehold Real Estate Investment Trust in the second quarter of 2017 and lease back for operation, therefore, the cost is increase. 6. In the third quarter of 2017, details of share of

1 Ref FN. 036/2019 Management Discussion and Analysis For operation of the second quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

1 Ref. FN. 033/2018 Management Discussion and Analysis For operation of the second quarter of year 2018 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

1 Ref FN. 047/2019 Management Discussion and Analysis For operation of the third quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

., Nongeiroon, Banbueng, Chonburi, Thailand 20220 Tel. 038-160707 Fax. 033-047348 www.ndrubber.co.th No. NDR003/2020 27 February 2020 Subject: Management Discussion and Analysis (MD&A) Report for Business