MDA_EN_1Q20 Management Discussion and Analysis For the 1 st Quarter 2020 ended May 31, 2020 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated

Consolidated financial statements (Thousands Baht) Six-month Change 2nd Quarter Change 2020 2019 Amount % 2020 2019 Amount % Revenue from sales 1,165,249 1,068,077 97,172 9.10% 538,525 512,616 25,909 5.05% Other

Management Discussion and Analysis For the 1st Quarter 2021 ended May 31, 2021 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed the

of all shares as share premium reserve, separately from the Company’s reserve fund. In making share payment, subscribers of shares are not allowed to set off their share payment with the Company

proceeds in excess of the value of all shares as share premium reserve, separately from the Company’s reserve fund. In making share payment, subscribers of shares are not allowed to set off their share

ิ (63) (15) (324%) (115) (5) (2019%) %ก าไรสทุธ ิ (5.0%) (1.1%) (4.5%) (0.2%) Premium Market (100% RTD Fruit Juice) 4,061MB 35% Medium Market (40- 99% RTD Fruit Juice) 1,178MB 10% Economy Market (20-39

i.e. title deed number 5664, 60423, 46967 and 46968 with the combined size of 3 rai and 7.5 sq.wa. -Translation- 5 Investment Amount: 3,791 million THB (Three Billion Seven Hundred and Ninety One

combined with the quarterly financial statement ended on 31 December 2018, but the combination in this year acquires entire 12-month turnovers in the collective financial statement including the high

company’s new products. It has been combined with the previous lease agreement, the Company has leased the area with Golden Arrow Coating Co., Ltd., which the total is 1,575 square meters, divided into

7.01 40.54% Consolidated financial information The gross profit increased Baht 11.83 million or 20.58%; from Baht 57.49 million in quarter 1/2017 to Baht 69.31 million in quarter 1/2018, due to following