Company and its subsidiaries’ net profit decreased by Baht 944 million, or 25% decrease compared to the same period of 2018. This was mainly due to a decrease in gross profit from sales of real estate by

Baht 0.90 million mainly due to exchange gain. Selling and administrative expenses Selling and administrative expenses decreased Baht (5.18) million or 7.5% in Q2/2018 to 7.3% in Q2/2019 due to budgeting

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND Tel: 02-0195000 18 February 2019 No. ZEN 2562-006 Subject Management Discussion and Analysis for

barring any cancellations.  Other income decreased by Baht 22 million mainly due to a decrease in dividend income from investment in Thai Wah Public Company Limited which was transferred from other

businesses were offset by lower results from associates and joint ventures, largely due to shared loss from SGAH related to operational inefficiency which will be gradually improved. In Q1 2018, the Company

Company Limited and its subsidiaries (“the Company”) would like to clarify herewith the operating result for Quarter 3 Ended 30- September -2018 as follows:- Financial Position As at 30 September 2018 total

was expected to have negative impact to the Company and its subsidiaries for the rest of the year due to decreased production in manufacturing in many industries and the slowdown of many businesses. The

30,000,000 baht for 2 year (Due date on June 25, 2022) 1) Date of entering into the transaction June 25, 2020 2) The Related Parties and Relationship with J.S.P. Property Public Company Limited Lender : Mr

, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and

18.1%. This increase was mainly due to (1) the increase of raw material cost from both the restaurants which the company owns itself as well as franchise restaurants and (2) increased service cost of