Central Retail Corporation Public Company Limited Page 1 20 February 2020 Re: Management Discussion and Analysis Operating results for the three-month and nine-month period ended September 30, 2019

1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 8 May 2020 No. ZEN 2563-011 Subject Management Discussion and Analysis for the 1st

mentioned above. Also, the Company had recognized an additional expense of THB 9 million regarding the new labour protection law to increase severance pay from 300 days to 400 days for workers serving over 20

4.7% in the corresponding period last year, due to the same reasons mentioned above. Also, the Company had recognized an additional expense of THB 9 million regarding the new labour protection law to

Central Retail Corporation Public Company Limited Page 1 Overview of the operating result for the fourth quarter of 2019 The company’s total revenue for the fourth quarter of 2019 was THB 63,405

Bangchak Corporation Plc. I 3 Executive Summary Summary of the Company and its subsidiaries’ operating results for the 2nd quarter ended 30th June 2019 Unit: THB Million Q2/2018 Q1/2019 Q2/2019 YoY QoQ

investment decision accurately; (b) protection of the service user’s confidentiality; (c) handling of the service user’s complaints; (d) sufficient management of information technology risk and cyber risk by

choose a service or make an investment decision accurately; (b) protection of the service user’s confidentiality; (c) handling of the service user’s complaints; (d) sufficient management of information

สะท้อนมูลค่ายุติธรรม โดยเป็นราคาที่น่าเชื่อถือ อ้างอิงได้ และสอดคล้องตามหลักวิชาการอันเป็นที่ยอมรับในระดับสากล (5) มีการคุ้มครองประโยชน์ของผู้ลงทุน (investor protection) ที่ถือได้ว่าเทียบ

such income was recorded for interest received from damaged pipeline at Phayathai Skytrain Station at Bt4.3 million. The Group had a Net profit attributable to Equity holders of the Company of Bt231.2