MDA_EN_ FY2019 Management Discussion and Analysis Fiscal year ended February 29, 2020 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the audited financial

considered low especially the government project as the public is still waiting for the national election on 24 March 19. As such, the Company do not foresee 2. Business Outlook on Q1/2019 3 G J Steel Public

this quarter is considered low especially the government project as the public is still waiting for the national election on 24 March 19. As such, the Company do not foresee 2. Business Outlook on Q1

- 18.73 7.53 149.46 0.02 0.02 0.03 - 0.01 0.004 0.08 ¤èÒ¸ÃÃÁà¹ÕÂÁกÒèѴกÒà (Management Fee) ¤èÒ¸ÃÃÁà¹ÕÂÁ¼Ùé́ Ù`ÃÐ⪹ì (Trustee Fee) ¤èÒ¸ÃÃÁà¹ÕÂÁã¹กÒÃà»ç¹¹Ò·ÐàºÕ¹ (Share Registrar Fee) ¤èÒ·Õè»ÃÖกÉÒก

µÃÒÊÒÃ˹ÕéâÃÅÍѾ 1 99.21 49.33 99.21 - 25.69 273.44 0.05 0.02 0.04 - 0.01 0.12 ¤èÒ¸ÃÃÁà¹ÕÂÁกÒèѴกÒà (Management Fee) ¤èÒ¸ÃÃÁà¹ÕÂÁ¼Ùé́ Ù`ÃÐ⪹ì (Trustee Fee) ¤èÒ¸ÃÃÁà¹ÕÂÁกÒÃà»ç¹¹Ò·ÐàºÕ¹ (Share

µÃÒÊÒÃ˹ÕéâÃÅÍѾ 2 27.23 13.83 27.23 - 17.50 4.24 90.03 0.04 0.02 0.04 - 0.03 0.006 0.14 ¤èÒ¸ÃÃÁà¹ÕÂÁกÒèѴกÒà (Management Fee) ¤èÒ¸ÃÃÁà¹ÕÂÁ¼Ùé́ Ù`ÃÐ⪹ì (Trustee Fee) ¤èÒ¸ÃÃÁà¹ÕÂÁã¹กÒÃà»ç¹¹Ò·ÐàºÕÂ

¹ÕéâÃÅÍѾ 3 38.28 32.39 38.28 - 20.11 129.06 0.03 0.02 0.02 - 0.013 0.08 ¤èÒ¸ÃÃÁà¹ÕÂÁกÒà Ñ́̈ กÒà (Management Fee) ¤èÒ¸ÃÃÁà¹ÕÂÁ¼Ùé́ Ù`ÃÐ⪹ì (Trustee Fee) ¤èÒ¸ÃÃÁà¹ÕÂÁกÒÃà»ç¹¹Ò·ÐàºÕ¹ (Share Registrar

& amortization 9,052 9,867 9,758 7.8% -1.1% 17,899 19,625 10% (Gain) loss on disposals of PPE 15 0 0 -100% n/a 43 0 -100% Management benefit expense -47 -40 -40 -15% -0.4% -82 -80 -2.4% Other financial cost -5 -5

ตราสารหน้ีต่างประเทศ 6M92-ห้ามขายผู้ลงทุนรายย่อย (AI) Krungsri Foreign Fixed Income 6M92 Fund-Not for Retail Investors (AI) กองทุนรวม KFFAI6M92 Krungsri Asset Management Co., Ltd. บรษิัทหลักทรัพย์จัดการ

9,184 -5.1% 1.3% 19,289 18,247 -5.4% Depreciation & amortization 13,377 13,369 13,192 -1.4% -1.3% 26,386 26,562 0.7% (Gain) loss on disposals of PPE -1 14 11 -1177% -24% 7 25 243% Management benefit