public offering of BBGI Company Limited (“BBGI”) (IPO), the proposed listing of BBGI on the Stock Exchange of Thailand, the employee stock option programme for the benefit of directors, management and
comparing to Q4/2018 loss of Baht 143 million due to higher utilization rate as well as tight costs and expenses control. EBITDA in Q1/2019 was Baht 9 million, a decline of 88% YoY but an 107% upturn QoQ
No. CAZ 017/2020 07 August 2020 Subject: Management Discussion and Analysis for the 2nd Quarter ended 30 June 2020 Attention: The President, The Stock Exchange of Thailand CAZ (Thailand) Public
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
right to purchase, or to convert those securities into, shares of such business; (2) “Business” means a company whose shares are listed on the Stock Exchange; (3) “SEC Notification No. KorChor. 53/2545
issued shares; (2) a company relating to the intermediary by having control between each other; (3) a company and the intermediary have mutual control by any person. “ control ” means control as determined
issued shares; (2) a company relating to the intermediary by having control between each other; (3) a company and the intermediary have mutual control by any person. “control” means control as determined
financial statement adjustment in accordance with new Thai accounting standards, selling expenses recognition from Long Quan Safe Food JSC (LQSF), Vietnam, and efficient expenses control. 9M/2019 Selling