investment in ICUK, which is indirectly held by CVHLUX. ICUK’s performance and financial position shall be reflected in the Company and subsidiaries’ consolidated financial statement with increasing proportion

. Increasing household debts and loan rejection rate of financial institutions are the major obstacles. In the past, the strategy of the Company emphasizes the development of large-scale projects focusing mainly

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 28 February 2019 No. ZEN 2562-010 Subject Management Discussion and Analysis for

(2) adjustment increasing the royalty and marketing fee rates for those franchisees renewing their franchise contracts. Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang

Company Limited (the “Company”) would like to inform management discussion and analysis for its results of operations from the financial statements for the three-month period ended 30 June 2019 as follows

President The Stock Exchange of Thailand Rajthanee Hospital Public Company Limited (“the Company”) would like to clarify the operating results of the Company and its subsidiaries for the 2nd quarter of 2018

the Company entering into the transaction. the Company will pay Baht 150.00 million (source of fund for increasing in GS capital comes from the Company’s cash flow) and exisiting shareholders will pay

financial status of the Company and help reduce the financial burden increasing the liquidity and cash flow of the Company. 7. Use of Proceeds from the Assets Disposal Transaction TO repay the debts, decrease

the media landscape brought by the change in people’s lifestyles and the way people consume media after the increasing popularity of mobile phones (or smartphones). Advertisers have adjusted their

% , due to the increasing of depreciation and amortization by 40.34 million Baht from the amortized assets under concession agreements that the company has invested to expand the capacity and improve