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MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 14 AUG 2018 U CITY PCL 2Q 2018 MD&A (for the quarter ended 30 June 2018) 1 U CITY PCL 15 MAY 2018 2Q 2018 KEY FINANCIAL HIGHLIGHTS  Total revenue rose

Microsoft Word - ACE MDA Q320 - ENG 1 No. ACE-ACC-4/2020 13 November 2020 Subject Management Discussion and Analysis for the period ended 30 September 2020 To President The Stock Exchange of Thailand

the January 2019. In this regard, the Board of Directors has authorized the executive committee or the Chief Executive Officer or the person entrusted by executive committee or the Chief Executive

authorized the executive committee or the Chief Executive Officer or the person entrusted by executive committee or the Chief Executive Officer to have an authority to consider, decide, amend or change rules

from Utilities Business consists of Excessive Charge for additional Utilities demand and Service Fees for Wastewater Management. 3 Gross Profit from Operation excludes Other Income from Utilities

Differentiate Million THB % Million THB % Million THB % Revenues Revenues from sales of real estate 3,000.4 86.9 1,952.5 81.1 (1,047.9) (34.9) Revenues from project management 142.7 4.1 168.9 7.0 26.2 18.4 Gain

- Translation - Page 1 of 5 CBG 023/2020 7 August 2020 Subject Management discussions and analysis the 3-month and 6-month period ended 30 June 2020 To President The Stock Exchange of Thailand We

THB % Million THB % Revenues Revenues from sales of real estate 2,825.8 84.7 3,088.5 93.8 262.7 9.3 Revenues from project management 280.0 8.4 127.9 3.9 (152.1) (54.3) Dividend income 0.3 0.0 - - (0.3

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