sales adjusting upward, which itself earns higher margins than the industrial channel. The company’ s cumulative market shares of throughput 5 Management Discussion and Analysis of Business Operation for

(CEPA) has a resolution for adjusting the proportion of biodiesel mandatory from B7 to B5 to mitigate the impact of rising diesel prices, as the aforementioned measures, the demand for biodiesel and the

Quarter of 2019 and 6-months period ending 30 June 2019 To The President The Stock Exchange of Thailand We, ZEN Corporation Group Public Company Limited (“the Group”), are pleased to provide you our

, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and

quarter of 2021 To The President The Stock Exchange of Thailand We, Zen Corporation Group Public Company Limited (“the company”), are pleased to provide you our management discussion and analysis for the

Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and subsidiaries

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

Thailand Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 31 March 2021 of the Company and the subsidiaries

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 31 March 2022 of the Company and the subsidiaries (“the

(“the Company”), are pleased to provide you our management discussion and analysis for the period ended 31 March 2023 of the Company and the subsidiaries (“the Group”) as follow: Consolidated financial