Management Discussion and Analysis for the 3rd Quarter 2021 Ended November 30, 2021 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed

- Translation - Page 1 of 9 CBG 018/2019 8 August 2019 Subject Payment of interim dividend and management discussions and analysis for the 3-month and 6-month periods ending 30 June 2019 and appoint

Costs - - 9.35 72.09 Administrative expenses, impairment finance costs and share of loss from associates 28.78 484.51 15.59 120.20 Management benefit expenses 5.21 87.71 5.78 44.56 Profit (Loss) before

authorized director and management. As such, The Investment Disposal Transaction is considered as the connected transaction pursuant to Connected Transaction Notifications with the highest transaction value MB

เมนท จํากัด (“SPM”) ถือหุนทางออมรอยละ 95 ผาน Singha Property Management (Singapore) Pte. Ltd. (“SPM SG”) และบริษัทอ่ืน ๆ ในกลุม นอกจากน้ี SPM เปนผูถือหุนรายใหญของบริษัท ฯ ท่ีถือหุนในบริษัทฯ

Court. In this regard, the Company’s management believes that such events will not adversely have any significant impact on the Company because the management is confident that the Company and the Parent

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural

effective revenue generation through new shopping malls, enhancement of existing malls, new mixed-use development projects, such as residential development, as well as efficient cost management. CPN currently

to the cycle of the market which lowering the demand of steel products. The Company has exported its products as according to the marketing plan in order to expand marketing strategy, improve standard

Will be in accordance with the company’s strategy, to expand into the public infrastructure business by using the company’s engineering knowledge to be used in creating new products and services. 8.2 A