Page 1 of 4 No. RJH – SET 4/2019 25 February 2019 Subject : Management’s Discussion and Analysis for the fourth Quarter of 2018 and year ended December 31, 2018 To : The President The Stock Exchange

of 2017, the Company’s associate, LH Financial Group Public Co.,Ltd., (“LHBANK”), issued new ordinary shares through a private placement to CTBC Bank Co.,Ltd, totaling 35.62% of the registered share

project in Q1 2018. Financial Solutions also registered a reduction in non-recurring income of 5.37mb or -54.6% as many EPR projects are in its early stages. We expect the non-recurring revenue to pick up

revenue for HR Solutions. HR Solution suffered a dip of 3.72mb or -11.6% due to the recognition of a one-off license fee for a big project in Q1 2018. Financial Solutions registered a marginal increase in

revenue for HR Solutions. HR Solution suffered a dip of 5.84mb or -17.0% due to the recognition of a one-off license fee for a big project in Q1 2018. Financial Solutions registered a marginal increase in

ZIGA INNOVATION PUBLIC COMPANY LIMITED 999/9,10,11 MOO 9 NAIKLONGBANGPLAKOD, PHASAMUDJADEE, SAMUDPRAKARN 10290 Tel. 02-816-9315 Fax. 02-816-9315 #444 NO. ZIGA 009/2021 5 May 2021 Subject: Management

274.26 million, which the loss increased by Baht 178.72 million compared to the same period in 2017. This was due to the termination of the programmed co- production agreement before the due date and no

of a hotel, residence, shopping mall and office building. The project is located on the corner between Silom Road and Rama 4 Road, Bangkok, with an investment budget of no more than THB 17,393 mn. In

commercial banks registered in Thailand and members of their financial groups to maintain minimum levels of capital adequacy as measured by three ratios, including the Common Equity Tier 1 ratio at no less

Company and the shareholders of Blue Finix came to the conclusion to dissolve Blue Finix which the shareholders of Blue Finix has had shareholder meeting resolution No. 2 dated September 27, 2018 to approve