S&P MD&A YE2018-ENG -1- Ref. POL. 029/2019 February 27, 2019 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock Exchange of Thailand S & P

of the Company this quarter is still in line with plan, especially the Homepro business, which continues to increase its efficiency and improve merchandise management. This includes the conversion of

developed and instead focused on retaining and increasing the number of users on their networks. In 9M2022, the Company had services income from information technology solutions for electronic devices of THB

for the third consecutive year from mid-November to early December. The performance of the Company and its subsidiaries continued to grow, recording total revenue and profit at baht 64,234.49 million

1 Ref FN. 026/2019 Management Discussion and Analysis For operation of the first quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

Expenses Summary of the Operating Result as ended 31 March 2020 Construction Income In the 1st quarter of 2020, the company and its subsidiaries gained the construction income of Baht 28.97 million whereas

1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and

planning to expand the pop-up store team by increasing the number of employees in order to meet the target number of stores. The Company has collaborated with several brands to stimulate the sales of the

67% EBITDA 58 83 43% 172 306 78% Net Profit (Loss) for the Company 13 36 177% 4 118 2,850% Gross Profit Margin (%) 59.6% 62.9% 3.3% 57.3% 63.1% 5.8% EBITDA Margin1 (%) 30.1% 30.9% 0.8% 27.4% 32.1% 4.7

Management Discussion and Analysis For the 3rd Quarter 2023 ended November 30, 2023 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed