at September 30, 2018 account for 17.85 percent of the total assets with 81.03 percent not yet due for payment. The Corporate Group has established policy for setting provision or allowance for

deteriorations resulting from COVID-19 impacts. Total management overlay for 1Q21 amounted to Baht 433 million. Total allowance for expected credit losses to total NPLs ratio (coverage ratio) stood at 163.3% for

business group 815.99 620.82 Water management business group (for 2017) 24.59 14.61 Total 840.48 635.43 Yours Truly, WIIK & HOEGLUND PUBLIC CO., LTD. Mr. Wiboon Sangwithayanon Chief Executive Officer

1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 10 August 2020 No. ZEN 2563-016 Subject Management Discussion and Analysis for the

Ended December 31, 2018 To The President The Stock Exchange of Thailand Management Discussion and Analysis Consolidated Financial Statements For Financial Year ended December 31, 2018 Overall Group

was able to maintain debt to equity ratio according to the restriction of long-term loans from local financial. Management and service agreement (Royalty fee) On 1 January 2015, the Group entered into

Translation Subject: Disclosure of Financial Assistance to Affiliated Company To: President The Stock Exchange of Thailand The Board of Directors of Eastern Water Resources Development and Management

expansion of the digital network of the Company Group domestically and internationally. August • Received proceeds from a rights offering (“RO”) of THB 1,376mn through new issuance of 688mn ordinary shares at

Company Limited Q4’18 and FY18 Management Discussion & Analysis 27 February 2019 Q4’18 and 2018 Management Discussion & Analysis Page 4/7 cost improvement after commissioning of new glass plant at The Siam

Discussion and Analysis of Business Operation for 3Q/2018 Bangchak Corporation Plc. I 4 Marketing Business Group sales volume slightly increased YoY, while was at the similar level QoQ. Retail sales declined