May 15, 2018 Subject: Managing Discussion and Analysis for Q1/2018 To: Managing Director The Stock Exchange of Thailand The company would like to report to operation results for the company and

บริษัท เอน็ซีแอล อนิเตอร์เนชั่นแนล โลจสิตกิส์ จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED No.NCL-M 10/19 May 14, 2019 Subject: The clarification and analysis of the management

บริษัท เอน็ซีแอล อนิเตอรเ์นช่ันแนล โลจสิตกิส ์จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED No.NCL-M 13/20 May 13, 2020 Subject: The clarification and analysis of the management

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

73 1 / 3 Pef. MD 004/2018 20th February 2018 Subj Management Discussion and Analysis (MD&A) of 2017 Dear Managing Director of Stock Exchange of Thailand We, Patum Rice Mill and Granary Public Company

Granary Public Company Limited and its subsidiaries, would like to present the Management Discussion and Analysis (MD&A) of 2018 as follows: Management Discussion and Analysis (MD&A) Patum Rice Mill and

MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 13 MAY 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 1Q 2019 • Consolidated revenue increased by 149.3% to THB 689mn

May 15, 2020 Ref: SET-2020-010 Re: Management Discussion and Analysis for Quarter 1’ 2020 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited and its subsidiaries

1 / 6 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the three-month period ended 30 September 2019

Baht, main reason came from the Company had unappropriated retained earnings during the nine-month period ended 30 September 2017 increased.  Analysis of financial status  The Current Ratio is 7.7:1