1 Ref. No. IVL 007/08/2017 9 Aug 2017 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Reviewed Financial Statements and the Management Discussion and Analysis of

recourse obtains credit rating from BBB up or equivalent; (i) 21 certificates of deposit issued by a commercial bank or a finance company; or (j) 22 letters of guarantee issued by a financial institution

88mn. The increase was in-line with higher sales in 2Q 2017/18. The Company gives 60 – 90 days credit terms to customers. For accounts receivables of more than 120 days, the Company has a policy for

units and exercise price of THB 2 per share. Subsequently, 98mn additional listed shares begin trading on SET on 9 November 2017, resulting in an increase in paid-up common stock to THB 3,439mn shares

. Trade and other receivables were THB 932mn, an increase of THB 169mn. The increase was in-line with higher sales in 3Q 2017/18. The Company gives 60 – 90 days credit terms to customers. For accounts

Limited. The Company has already registered the changes to the Department of Business Development, Ministry of Commerce on April 17, 2019. In this regard, the Company still uses the same stock symbol “RATCH

- Translation - Page 1 of 7 CBG 019/2018 11 May 2018 Subject Management discussions and analysis for the 3-month period ending 31 March 2018 To President The Stock Exchange of Thailand We, Carabao

THB 87mn. The increase was in-line with higher sales in 2017/18. The Company gives 60 – 90 days credit terms to customers. For accounts receivables of more than 120 days, the Company has a policy for

Quarter of 2020 To The President The Stock Exchange of Thailand We, ZEN Corporation Group Public Company Limited (“the Group”), are pleased to provide you our management discussion and analysis for the 1st

2nd quarter of 2020 and 6-month period ended 30 June 2020 To The President The Stock Exchange of Thailand We, Zen Corporation Group Public Company Limited (“the Group”), are pleased to provide you our