Rnj, (Translation) MD. 036/2020 February 26, 2020 Re: Management Discussion and Analysis For the Year Ended December 31, 2019 To: President The Stock Exchange of Thailand Management Discussion and

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 28 February 2019 No. ZEN 2562-010 Subject Management Discussion and Analysis for

subsidiary. The management seeks opinion from legal advisor and believes that the Group has no responsibility for this claim. The Group’s shareholders’ equity as at 30 June 2018 was 848.23 Million Baht

No. CAZ 015-2019 13 August 2019 Subject: Management Discussion and Analysis 2nd Quarter ended 30 June 2019 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public Company

Microsoft Word - 2019-Q4_MDA_Eng_R2.docx   No. CAZ 004/2020 28 February 2020 Subject: Management Discussion and Analysis for the year ended 31 December 2019 Attention: The President The Stock

Microsoft Word - 2019-Q3_MDA_Eng_R1.docx   No. CAZ 019-2019 12 November 2019 Subject: Management Discussion and Analysis 3rd Quarter ended 30 September 2019 Attention: The President The Stock

Limited would like to submit the report of Management Discussion and Analysis for the 3-month period ended March 31, 2018 which has been unaudited but reviewed by the auditor this is caused by followings

ended 31 December 2018. Consolidated net loss attributable to equity holders of the Company amounted to 167.7 million baht compared to consolidated net loss attributable to equity holders of the Company

increased. SG&A SG&A of the Company consisted of salary and wages, Overtime payment, employees’ benefit, management fee, maintenance fee, utility expenses and etc. The company has SG&A of 225.42 million baht

ทดสอบกระดาษหัวจดหมาย IRC 5 -Translation- November 22, 2019 Subject: Management Discussion and Analysis Fiscal Year 2019 To: Managing Director The Stock Exchange of Thailand Inoue Rubber (Thailand