Quarter of 2020 To The President The Stock Exchange of Thailand We, ZEN Corporation Group Public Company Limited (“the Group”), are pleased to provide you our management discussion and analysis for the 1st
contract, shareholding, control or management, including any connected person in relation to such person. In this regard, such person may be liable to cause the intermediary to provide services to clients
has offered the financial products and services completely for clearly respond the customers. The bank will consider provide the loan types, the interest rate, limit loan types and payment period to
the relevant functions and provide an opinion as required by the Notifications on Connected Transactions, and deliver the independent financial advisor’s report to the shareholders for consideration
capital market of the country where such entity established is unable to provide an assistance in inspection and providing information relating to any violation of, or non-compliance with, any provision of
market-focussed verticals and will leverage our scale and management depth to further improve quality of earnings. The Lifestyle vertical serves global home and apparel business outside China from its
provide food services in business district and major tourist attractions in Bangkok, Gourmet Primo Company Limited and More Than Free Company Limited, a subsidiary of Bangkok Airways Holding Company Limited
Covid-19 from outside of the country since April 2020. As a result, a number international visitor arrivals decreased by 66.0%, compared to last year, down to 6.7 million visitors between January and June
which is located outside Bangkok or its vicinity, the company shall be responsible for accommodation and travelling expenses incurred from such visit in accordance with rules prescribed by the Office. 4