1 Ref FN. 047/2019 Management Discussion and Analysis For operation of the third quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

sector, with manufacturing and industrial sectors suffering a sharp contraction. In order to mitigate the economic impact, the Government and other institutions have introduced relief measures to help

which was operated by the subsidiary company since June 2018. • Selling and administrative expenses increased 27.81% due to salary and employee benefit of subsidiaries which was operated since last year

in world oil prices, resulting in a sharp drop in commodity prices this causes a lot of price competition. Yours Sincerely, Ms. Piyanan Suwannaphasri Assistant Managing Director Authorized to sign

fallen by THB 34.73 million, which has led 2nd quarter company’s net profit to fall to THB 0.69 million, a decrease of THB 16.05 million (96.2%). The main factors causing a sharp fall in underwriting

while expenses had grown, as a result; a huge drop in 6 months period by 137%. Profit (Loss) before tax: A sharp drop of 174% in 2Q19 comparing to 2Q18, while 6 months recorded a 91% less than the same

Malaysia  Currently, Titanium Compass Sdn Bhd (“TCSB”) managed advertising on 2 stations and 15 trains, while the SBK Line recorded ridership of more than 200,000 trips, having fully operated since July

the previous year, mainly due to the sharp lower of purchasing power in most industries, as well as the strong competition in the stainless steel pipe, aluminum and copper. This caused the decreasing in

the debtor have operated according to the law. In 2016, the Company has already estimated allowance for doubtful accounts at 50% of the total outstanding balance. Therefore, this period the Company has

months recorded a sharp increase by 573% from the same period of last year which was directly affected by a decrease in shares of loss and a lower of total expenses. Net Profit (Loss): EASON reported a net