the previous year. Furthermore, the Company invested in equity instruments and increased loan for associated companies at the amount of 42.5 million THB. In Q1/2019, no cash was received from the sales

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 13 May 2019 No. ZEN 2562-018 Subject Management Discussion and Analysis for 3

million or equivalent to 16.13% because the installations made according to the financial lease contract and no additional contract. 2.3 Shareholders’ Equity Analysis As at March 31, 2019, Shareholders

business for the first quarter of 2019 amounting to Baht 840 million, a decrease of Baht 35 million or a decrease of 4% compared to that of the previous period amounting to Baht 875 million. There was no

has no financing project as we have ample funds for a working capital and other investment plans. Please be informed accordingly, Yours sincerely, Mr. Soontorn Dentham Chief Executive Officer

sector. Then, there is no demand for new installation. 3. Construction service income for the year sharply increased 93.75 Million Baht, accounting for 24.85% from previous year as the increased in

Ref. No. IVL [002/08/2019] 8 August 2019 The President The Stock Exchange of Thailand Subject: Submission of Quartely Review of Financial Statements and the Management Discussion and Analysis of

accounts payable increased. Income tax payable increase by 17.7 MB, representing an increase of 100.0%, this is because, in the year 2018, the withholding tax was higher than an income tax resulting in no

sustainable business. To enhance its return to profitability, PDI will: • Carefully screen its assets and sell those that are no longer useful. In doing so expenses will be reduced and cash will be generated to

million baht and 30 June 2018, there is no service income in this section When compared to the previous year, an increase of 119.48 million baht or 100 percent was a result of the recognition of Euroasia