Management Discussion and Analysis for the 2nd Quarter 2019 Ended August 31, 2019 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed

-1- AIT (VP-SEC) 016E/2021 August 10, 2021 Subject: Management's Discussion and Analysis of Operating Results for Q2-2021 To: The President of the Stock Exchange of Thailand Summary of Operations Q2

production and utility (internal used) and/or other activities in relation to the company’s business. 7. Funding source : The company’s working capital. 8. General description of connected transaction Type of

custodian: (a) System for separating the private fund assets from the custodian’s assets, system for safe keeping of such assets, and internal control system to prevent the misuse of its client’s assets; (b

to operate as a custodian: (a) System for separating the private fund assets from the custodian’s assets, system for safe keeping of such assets, and internal control system to prevent the misuse of

internal organization. To support the continuous growth rate in the future by focusing on the allocation of capital to improve factories and machineries instead of revenue growth and the revenue from sales

policy focus on cost management and internal resource management to maximize efficiency, including managing cash flow to be sufficient for business operations. The financial results of the company and its

Internal cash flow. 6. Names of directors having the interest and/or directors who are connected persons Mr. Korn Narongdej was not the management of the Company. Therefore, he was not present in the meeting

Foreign Investors Institutions High Net Worth Investors Individuals Juristic Persons Total 595,315.51 &1#&"Tahoma"&12&KC0C0C0SEC Classification : ใช้ภายใน (Internal)

ภายใน (Internal)