Message from Chairman

Dear Shareholders,

FN Factory Outlet Public Company Limited (“the Company”) has operated the outlet business for more than 20 years. The Company primarily sells merchandise under its own house brands ranging from consumer goods, bedding, leather goods, furniture, clothes and other household items as well as offers products of other domestic and international brands.

The Company was listed on the Stock Exchange of Thailand on 14 November 2016 and has consistently implemented the plans announced to its shareholders. In 2018, the Company opened 2 new branches, namely the Rayong Branch on 1 November 2018 and the Diana (Hat Yai) Branch on 7 December 2018, increasing the total number of branches to 12 in provinces along major routes to Thailand’s top tourist destinations.

With regard to the Company’s financial performance in 2018, the Company’s total revenue was Baht 1,105 million with a net profit of Baht 29 million. The Company is committed to pursuing growth through the continuous improvement of good quality products, service excellence and innovative propositions with an aspiration to make our customers satisfied and happy with our products and services including impressive experiences through the Company’s omni channels that are developed in line with Thailand’s developments towards becoming a digital society. These goals have been translated into the Company’s actionable strategies and plans which are anchored around the aim of optimizing customer satisfaction in all dimensions.

Driven by the aim of fostering solid growth and prosperity through transparent business operations in accordance with the good corporate governance principles, the Company revisits its vision, strategies and policies annually. This strong determination has led to the Company’s achievement of the “Excellent” rating under the corporate governance assessment by the Thai Institute of Directors Association (IOD). In addition, the Company attaches importance to fair and appropriate management of stakeholders’ interests in parallel with responsibility towards communities, society and environment in support of sustainable growth.

On behalf of the Board of Directors, executives, and employees, we would like to express our appreciation and gratitude to our shareholders, customers, business partners, public sector, society and all stakeholders for their continued trust and support. In 2019, the Company will continue to pursue its business philosophy of “Selective Life” for the best benefits of our shareholders and stakeholders.

Mr.Pricha Songwatana

Chairman of the Board of Directors