No: AH 02112021 November 12, 2021 Subject: Management Discussion & Analysis (MD&A) for the financial statements of the 3rd quarter of fiscal year 2021 ended as of September 30, 2021 To: The President

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

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

’ business. AEONTS and its subsidiaries enter into “Business Administration Agreement” and pays management fee to AFS. Value of consideration: Amount Related company name JPY THB AEONTS 255,955,000 78,273,599

of Thailand Enclosure : 1. Financial Statements for the Second quarter ended June 30,2017 2. Management Discussion and Analysis Nawarat Patanakarn Public Company Limited would like to submit Reviewed

derived from the management service and engineering service.  Overall gross profit margin decreased from 17.0% to 11.9% amount Baht (16.37) million. 2019 2018 Revenue 443.24 406.54 36.70 9.0% Cost 390.30

subsidiaries enter into “Business Administration Agreement” and pays management fee to AFS. Value of consideration: Related company name Amount (THB) AEONTS 81,683,711.81 ACSS 3,662,732.74 AIS 3,120,510.91 ASB

of Thailand Enclosure : 1. Financial Statements for the Second quarter ended June 30,2018 2. Management Discussion and Analysis Nawarat Patanakarn Public Company Limited would like to submit Reviewed

. However, gross profit increased from 12.3% in Q1/2019 to 14.4% in Q1/2020. 2. Management Service (“MS”) had a increase in gross profit for Baht 6 million. Main reason was both client retention and new

73 1 / 4 (Translation) Pef. MD 014/2020 14th May 2020. Subj Management Discussion and Analysis (MD&A) Q1/2020 Dear Managing Director of Stock Exchange of Thailand We, Patum Rice Mill and Granary