1 Ref FN. 036/2019 Management Discussion and Analysis For operation of the second quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

results were calculated based on the consolidated financial statements which consist of the Expressway Business, Rail Business, Commercial Development Business, the manufacture and distribution of treated

1 Ref. FN. 033/2018 Management Discussion and Analysis For operation of the second quarter of year 2018 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

some customer ending the distribution contract with some retailer which resulted in reduced sales volume since Q4/2017. Meanwhile there was some customer changing the sales format from export to domestic

distribution to boost the ratio of regular income and match the needs of the customers who would like to have a home but have not made a decision to buy one. The emphasis has been put on university students

Ref. FN. 075/2018 Management Discussion and Analysis For operation of the third quarter of year 2018 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

distribution at Wood Veneer mill. For small sizes and scraps of wood, they will further be raw material in production of MDF Board and Particleboard for the company and the subsidiaries. The company has reviewed

% from the previous year, the cost of distribution was 75.48 million Baht, increased by 18.81 million Baht or increased by 33.19% as the company realized higher revenue from the previous year resulting in

the loan to the Company under Sect ion 90/12 (9) of Bankruptcy Act B.E. 2483 (1940) prohibited GSTEL from making any disposal, distribution or transfer, grant a lease, make repayment of debt, create

project site location and rendering of related services to clients who operate 17 solar power projects in Thailand, and (2) revenues from the sale of electricity from its own solar power project operated by