(THIS REPORT DISCUSSES PRINCIPAL CHANGES IN THE AUDITED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED 31 DECEMBER

million. • The net cash flow from financing activities of THB 33 million was from the repayment of long-term loans and dividend payments. Dusit Thani PCL Management Discussion and Analysis For 2Q18 and 1H18

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: Management explanation and analysis for the yearly ending 31 December 2019 Attention: The President of, The Stock Exchange of Thailand ZIGA Innovation Public Company Limited ( “the Company” ) would like to

1 Ref: AC.008/2020 25 February 2020 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 13 May 2019 No. ZEN 2562-018 Subject Management Discussion and Analysis for 3

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www.aapico.com บริษัท อาปโก ไฮเทค จํากัด (มหาชน) AAPICO HITECH PUBLIC COMPANY LIMITED Ref No: AH 03082019 August 14, 2019 Subject: Management Discussion & Analysis (MD&A) for the financial statements of the 2nd