1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering

August , Ref: SET-- Re: Management Discussion and Analysis for Quarter ’ Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited and its subsidiaries (Hereinafter

proportion of 51 percent 2. Capital Increase Form (F53-4) 3. Information Memorandum regarding the offer of newly issued shares by capital increase of East Coast Public Company Limited to the specific person

1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 6 May 2021 No. ZEN 2564-009 Subject Management Discussion and Analysis for the 1st

balance was charged to administration expenses. (The tolling service contract terminated on 31January 2019). The Company also recorded expenses for fees of Baht 67 million in year 2019 according to

management have handled the situation prudently and carefully. We have been focusing mainly on the financial health of the company including managing fixed and variable cost as well as liquidity management

(Cambodia) 0% 0% 0% IC (Thailand) 33% 33% 34% IC (China) 4% 5% 6% HTI (USA) 4% 5% 5% 100% 100% 100% Gross Profit / Cost of Sales Analysis and Sales and Administration Analysis Gross Profit decreased by THB

Profit / Cost of Sales Analysis and Sales and Administration Analysis Gross Profit increased by THB 339 million with the gross margin being 15% in 2017 up 1 percentage point from 14% in 2016, due to higher

บริษัท เอน็ซีแอล อนิเตอร์เนชั่นแนล โลจสิตกิส์ จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED No.NCL-M 04/19 February 27, 2019 Subject: The clarification and analysis of the

May 14, 2018 Subject Management Discussion and Analysis for the three months period ended March 31, 2018 To The President The Stock Exchange of Thailand Day Dream Public Company Limited (the “Company