Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND Tel: 02-0195000 18 February 2019 No. ZEN 2562-008 Subject Management Discussion and Analysis for 9
LIMITED ARIP PUBLIC COMPANY LIMITED ARROW SYNDICATE PUBLIC COMPANY LIMITED ASEFA PUBLIC COMPANY LIMITED ASIA AVIATION PUBLIC COMPANY LIMITED ASIA BIOMASS PUBLIC COMPANY LIMITED ASIA CAPITAL GROUP PUBLIC
Ventures excluding Non Controlling Interest from business combination under common control (mainly Share of Profit from Investments in Glow Group (GHECO-One, HHPC, Glow IPP) of Hemaraj that was transferred
, restaurants and etc. such products as pies, cookies and bakeries. The Company has a subsidiary, Aurum and Aurum Company Limited (together with the Company, the “Group”) which operates raw material and equipment