Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Management Discussion and Analysis The Thai economy is expected to gradually recover in line with COVID-19

. 2/2019 of Advanced Connection Corporation Public Company Limited (“the Company”) held on February 25, 2018 has a resolution to approve to enter into Sale and Purchase Contract of 1,000,000 ordinary

meeting of AEON Thana Sinsap (Thailand) Plc. No. 03/2020 held on March 10, 2020 had a resolution of the connected transaction as follows: Date of agreement: Company Date of agreement ACS Capital Corporation

reduced in available-for-sale investment (LAC). Book value per share was THB 32.76. Management Discussion and Analysis of Business Operation for 3Q/2018 Bangchak Corporation Plc. I 22 Cash Flows Statement

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

share through Aeroklas Co., Ltd. (“ARK”)), had signed on share sale agreement to acquires with 100% of Flexiglass Challenge Pty. Ltd. (Flexiglass), from Fleetwood Corporation Limited (Fleetwood) at

) Corporation Pte. Limited, an indirect subsidiary, made an advance payment for share subscription in the amount of USD 20.83 million to PT Medco Ratch Power Riau, an indirect joint venture, as to develop the

approved an investment plan in Smart Vending Machines (SVM) of its subsidiary, Telemax Asia Corporation (100% held by FERRUM). The seller of those machines is A.E.I Export and Import who has no related to

Stock Exchange of Thailand Notice is hereby given that the Board of Directors’ Meeting of Kaset Thai International Sugar Corporation Public Company Limited (the “Company”) No. 1/2020 held on November 25

Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Executive summary The overall global economy was projected to slow down significantly due to the COVID-19