(Translation) November 14, 2018 Ref: SET-2018-017 Re: Management Discussion and Analysis for Quarter 3’ 2018 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited

1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 10 August 2020 No. ZEN 2563-016 Subject Management Discussion and Analysis for the

, Nontaburi , 11120 บริษทั สุธากญัจน์ จ ากดั (มหาชน) GOLDEN LIME PUBLIC COMPANY LIMITED Tel : 0 2961 8652 – 6 Fax 0 2 9618650-1 Website : www.goldenlime.co.th Email : glmis@goldenlime.co.th Registration no

operational staff. Additionally, in July, the Ministry of Finance approved the establishment of GPSC Treasury Center Company Limited (GPSC TC), a 100% owned subsidiary of GPSC set up to increase efficiency and

due to the raising in raw water sales volume and net profit attributable to equity holders of the parent company of 609.48 million Baht, increased by 28.85 million Baht or 4.97%. Income statement

acquisition of Glow Energy Public Company Limited (“GLOW”) in December 2019, the Company holds 99.83 percent of GLOW's total issued and sold shares, therefore in Q1/2020, the company recognizes the full

1,146 -45% -17% Basic earnings per share (Baht) 1.51 1.01 0.83 Note: 1/ EBITDA from Refinery Business of the Company, BCP Trading Pte. Ltd. and Bongkot Marine Services Co., Ltd. 2/ EBITDA from Marketing

the director of the company and member of the Audit Committee To Director and Manager The Stock Exchange of Thailand Reference is made to the resolutions of the Board of Director Meeting No. 3/2019 of

profit attributable to equity holders of the parent company of 838.86 million Baht, decreased by 42.17 million Baht or 4.79%. Income statement (Million Baht) For the three-month period For the nine-month

President The Stock Exchange of Thailand Reference is made to the resolutions of the Board of Director Meeting No. 3/2018 of Carabao Group Public Company Limited (the "Company") held on 10 August 2018 as