emergency. Causing the retail stores in the Songkhla Province and nearby areas who the Company's wholesalers are order products from the Company in larger quantities. In order to be resold and support the

shareholders None 7. Opinions of the board of directors of the Company related to the entering into of the transaction. The Board had been agreeing with the help and the support from Mr. Pongsak Sawatyanon and

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND Tel: 02-0195000 18 February 2019 No. ZEN 2562-006 Subject Management Discussion and Analysis for

Company Limited and its subsidiaries (“the Company”) would like to clarify herewith the operating result for the year 2018 as follows:- Financial Position As at 31 December 2018, total consolidated assets

million (For support sales and market policies) - Temporary Investment decreased Baht 83.4 million (Used to circulate within the business) As of March 31, 2019 total liabilities amounted to Baht 777.4

. Although the Company closed Boonterm kiosk system for improving its efficiency to support new business and service in the future. Moreover, in 2Q19, mobile operators closed their service system on the kiosk

supporting on the business operation including marketing research and support as well as system support in total amount of 14,400,000 baht or 0.12% of NTA of the Company and approved the transaction with AEON

Padaeng Industry Public Company Limited and its subsidiaries _______________________________________________________________ Management Discussion and Analysis (MD&A) For the three-month and six

Company Limited 0.19 million 0.69 million Total 30.73 million 23.64 million On the first quarter of 2019, Mana Patanakarn Co., Ltd., which is in real estate business, has expenses for sales support

the company to disclose information, extend the scope of special audit, and notify investors; and cooperating with relevant law enforcement agencies. We have, so far, made substantial progress in the