[COMPANY NAME] Ref.: EFORL IR008/2019 March 7, 2019 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2018 To President The Stock Exchange of Thailand 1. Overview financial

liabilities decreased by THB 131 million, mainly from repayment of long-term loans of THB 87 million, and THB 57 million gain from exchange rate changes in long-term loans. Dusit Thani PCL Management Discussion

quarter of 2021 To The President The Stock Exchange of Thailand We, Zen Corporation Group Public Company Limited (“the company”), are pleased to provide you our management discussion and analysis for the

[COMPANY NAME] Ref.: EFORL IR007/2020 March 4, 2020 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2019 To President The Stock Exchange of Thailand 1. Overview financial

gain from foreign exchange of THB 92 million from THB appreciation, but realized a few loss from Yen depreciation. The company also received income tax refund from 2007 as revenue of THB 226 million

offering to AIS mobile customers and leverage key channels to support the quality acquisition. Other service revenues mainly comprised of enterprise business, grew 7.3% YoY supported by growth in EDS and

offering to AIS mobile customers and leverage key channels to support the quality acquisition. Other service revenues mainly comprised of enterprise business, grew 7.3% YoY supported by growth in EDS and

Exchange Commission No. SorThor/Nor. 12/2551 Re: Rules for Establishment of Risk Management System for Business Continuity of Derivatives Business Operators _____________ By virtue of: (1) The first

any responsibility for its accuracy nor be held liable for any loss or damages arising from or related to its use. ---------------------- Notification of the Securities and Exchange Commission No

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