million, decreased by THB 49.27 million from the same period last year. For the three-month period ended March 31, 2018, The Company and its subsidiaries used net cash from its financing activities in an

, increased by THB 112.20 million from the same period last year. For the three- month period ended March 31, 2020, the Company and its subsidiaries generated net cash from its financing activities in an amount

from financing activities due to an increase in short-term loans from financial institutions to circulate in the Company’s operations. Future operating trends The Company and its subsidiaries are aware

flows from financing activities As of 30 June 2020, the Company and its subsidiaries have cash flow used in financing activities at the amount of 1,348.1 million baht, mainly from cash paid for long term

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 003/2019/EN 26 February 2019 Subject: Management Discussion and Analysis of the Company and its subsidiary for the year ended 31 December 2018 To: The

information for any purpose. For further detail, please contact Investor Relations Section of the Electricity Generating Public Company Limited at Tel: 662-998-5150-3 or Email: ir@egco.com mailto:ir@egco.com

information for any purpose. For further detail, please contact Investor Relations Division of the Electricity Generating Public Company Limited (EGCO) at Tel: 662-998-5150-3 or Email: ir@egco.com mailto:ir

1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 10 August 2020 No. ZEN 2563-016 Subject Management Discussion and Analysis for the

in SPF to 33.0 percent. Cash flows from financing activities As of 30 September 2017, the Company and its subsidiaries have cash outflows from financing activities at the amount of 2,398.1 million baht

resulted from acquisition of other long-term investments. However, this was partially offset by dividend received from SPF and BDMS. Cash flows from financing activities As of 30 June 2018, the Company and