Public Company Limited 1 | P a g e August 13, 2020 Subject: Management discussion and analysis of the operating results for the quarter 2/2020 Attn: President The Stock Exchange of Thailand Please find the

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submit the report of Management Discussion and Analysis for the year ended 31 December 2020 which has been audited by the auditor this is caused by followings: The Operating results of the company and its

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1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 8 May 2020 No. ZEN 2563-011 Subject Management Discussion and Analysis for the 1st