No. CAZ 017/2020 07 August 2020 Subject: Management Discussion and Analysis for the 2nd Quarter ended 30 June 2020 Attention: The President, The Stock Exchange of Thailand CAZ (Thailand) Public

- Translation - Page 1 of 5 CBG 023/2020 7 August 2020 Subject Management discussions and analysis the 3-month and 6-month period ended 30 June 2020 To President The Stock Exchange of Thailand We

- Translation - Page 1 of 4 CBG 013/2020 8 May 2020 Subject Management discussions and analysis for the 3-month period ended 31 March 2020 To President The Stock Exchange of Thailand We, Carabao

3rd Quarter of 2019 and 9-months period ending 30 September 2019 To The President The Stock Exchange of Thailand We, ZEN Corporation Group Public Company Limited (“the Group”), are pleased to provide

raising stake from 49% to 100% in Q3’2018. Gain (Loss) on Exchange Rate • Recorded Gain on Exchange Rate at Baht 168 million in Q3’2019 and Baht 153 million in 9M’2019, primarily attributable to an

) lower profits at our associate namely ABPIF. Gain (Loss) on Exchange Rate • Recorded Gain on Exchange Rate at Baht 11 million in Q1’2019, primarily attributable to a unrealized gain on exchange rate from

asset acquisition transaction in accordance with the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551, Re: Rules on Entering into Material Transactions Deemed as Acquisition or

Material Transactions Deemed as Acquisition or Disposal of Assets, and the Notification of the Board of Governors of the Stock Exchange of Thailand, Re: Disclosure of Information and Other Acts of Listed

Material Transactions Deemed as Acquisition or Disposal of Assets and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed

Meeting of Shareholders’ agenda (additional) To President The Stock Exchange of Thailand Reference: 1. The letter to the Stock Exchange of Thailand of East Coast Furnitech Public Company Limited on the