คำอธิบายและการวิเคราะห์ของฝ่ายจัดการ 10 November 2017 Re: To clarify the financial statements as of 30 September 2017 To: President The Stock Exchange of Thailand WHA Corporation Public Company

% 4.2% 39,382 40,385 2.5% Net foreign exchange gain (loss) 6 41 21 256% -48% 277 225 -19% Other income (expense) 114 87 223 96% 158% 442 613 39% Finance cost (1,331) (1,339) (1,346) 1.1% 0.5% (4,236

development of 12,987.3 Million Baht, Account Receivable of 371.5 Million Baht. Additionally, there were building improvement, sales gallery and equipment of 2,864.6 Million Baht. Moreover, the goodwill

- Translation - Page 1 of 6 CBG 044/2018 9 November 2018 Subject Management discussions and analysis for the 3-month and 9-month period ending 30 September 2018 To President The Stock Exchange of

- Translation - Page 1 of 5 CBG 022/2019 8 November 2019 Subject Management discussions and analysis for the 3-month and 9-month period ended 30 September 2019 To President The Stock Exchange of

1,559mn, (ii) increase in interest income of THB 59mn, (iii) foreign exchange gain of THB 52mn, and (iv) increase in other income of THB 174mn. THB 10,145mn Hospitality THB 7,264mn 71.6% Office THB 324mn

29 July 2020 At: ACC/HO 014/63 Re: Management Discussion and Analysis for the Quarter of 2/2020 To: President The Stock Exchange of Thailand The Coronavirus 2019 (COVID-19) pandemic has had a

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

August 11, 2022 Subject: Management’s Discussion and Analysis for 2st quarter of 2022 ended as of June 30, 2022 Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited (“the

November 14, 2022 Subject: Management’s Discussion and Analysis for 3rd quarter of 2022 ended as of September 30, 2022 Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited