Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND Tel: 02-0195000 18 February 2019 No. ZEN 2562-002 Subject Management Discussion and Analysis for

Commission Guidelines for Application and Approval for Appointment of Person to be Director or Manager of Securities Company B.E. 2553 (2010)   01/02/2010 01/02/2010 11. Notification of the Office of the

increased due to lower inventory amount. • Net cash used in investing activities decreased because the Company received the government bonds at maturity. • Net cash used in financing activities was used in

relocation of garment manufacturers to Vietnam. The garment industry in Thailand has continued to shrink. Products of the Company: For elastic segment for baby diapers; The major manufacturers have switched to

and Company Secretary 695.1 - 15.7 - 68.3 - 87.6 - 355.8 - 2.2 165.5 Beginning 31 Dec 2019 Operating Activities Interest and Tax Investing Activities Financing Activities Adjustment and different in FX

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 3 Year 2018 Ended September 30, 2018 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s

revenues EMS business The Company had revenue from EMS business for the second quarter of 2019 amounting to Baht 387 million. There was no significant change compared to the same period of the previous year

business The Company had revenue from EMS business for the third quarter of 2019 amounting to Baht 346 million, a decrease of Baht 43 million or a decrease of 11% compared to that of the previous year

to in the first quarter of 2019, the Company purchased ordinary shares of the subsidiary (FSMART) in the Stock Exchange of Thailand in the amount of Baht 44 million. Cash flows used in financing

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2020 1 Significant events in the third quarter of the year