Market Association” means the Thai Bond Market Association which has obtained a license and has been registered with the SEC Office; (12) “registration statement” means the registration statement for offer

acquisition or disposition of assets, 2004”. The transaction size from the highest analyzed value, based on the net value of tangible assets, is subjected to 0.18% of net tangible assets of the consolidated

MDA_EN_1Q17 Management Discussion and Analysis for the 1 st Quarter 2017 ended May 31, 2017 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated

follows: THB’000 Consolidated F/S ∆% Separate F/S ∆% 2018 2017 2018 2017 Revenues from Sales and Services 2,060,114 2,473,795 -17% 1,640,996 1,631,566 1% Interest income 2,302 1,045 120% 679 36,148 -98

numbers in the financial statements Q1/2021 and 2020 Table 2: Profit/Loss Statement in Q1/2021 and 2020 Number Consolidated Financial Statements Separate Financial Statements Q1/2021 Q1/2020 % Variance Q1

) Statement of Financial Position Company’s Financial Statement (Unit: Thousand THB) Assets Dec 31, 2017 Dec 31, 2018 Current Assets 170,344.66 179,880.67 Non-Current Assets 8,587.57 20,097.13 Total of Assets

follows: Baht’000 Consolidated F/S ∆% Separate F/S ∆% 2019 2018 2019 2018 Revenues from Sales and Services 1,921,477 2,060,114 -7% 1,518,926 1,640,996 -7% Other income 72,604 338,396 -79% 52,158 25,568 104

continued to grow at 25% YoY. This was impacted by financial statement adjustment in accordance with new Thai accounting standards. According to the previous accounting standards, Q3/2019 total sales would

to grow at 3% YoY from sales recognition of new and some existing products. This was impacted by financial statement adjustment in accordance with new Thai accounting standards. According to the

Company and its subsidiaries recorded total sales of Baht 1,174 million, a decrease of 19% YoY, occurred from a decline in domestic branded sales and impacted from financial statement adjustment in