the explanation and analysis of financial position and operating result 3.3.1 Summary of financial statements during the past 3 years and the latest quarter ended March 31, 2018 (a) Statement of

MDAE_3Q18 Final2 Management Discussion and Analysis for the 3 rd Quarter 2018 ended November 30, 2018 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the

quarter. Summary of Financial Performance Analysis of the Operating Results Revenues For the third quarter of 2019, the three-month period ended September 30, 2019, the Company generated revenues of 485

-1 1 Ref. LPN/SorKor/053/2563 13rd February 2020 RE: Financial Statements Analysis Report 2019 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co., Ltd. would like to submit

28 April 2020 At: ACC/HO 011/63 Re: Management Discussion and Analysis for the Quarter of 1/2020 To: President The Stock Exchange of Thailand Following the Coronavirus 2019 (COVID-19) pandemic and

-1 - Translation - Ref. LPN/SorKor/386/2562 7th November 2019 Re: Consolidated Financial Statements Analysis Q3/2019 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co., Ltd

THB 278.9 mm which increased by 31.4%, compared to the same period of the previous year. Expenses analysis Q3 2018 Q3 2019 Increase/ (Decrease) 9M 2018 9M 2019 Increase/ (Decrease) THB mm THB mm % THB

MDA_EN_2Q20 Management Discussion and Analysis for the 2 nd Quarter 2020 Ended August 31, 2020 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the

Management Discussion and Analysis For the 2nd Quarter 2021 ended August 31, 2021 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed

Management Discussion and Analysis Fiscal year ended February 28, 2022 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the audited financial statements for