, Bangkok  10310  F + 66 (2) 6452828,  + 66 (2) 6452829  VAT ID  0107538000151     Thailand W www.wiik.co.th   No. LWH/ACC 20/05/LT066 May 12, 2020 Subject: Management discussion and analysis for the three

Page 1 of 4 11 November 2019 Subject : Management Discussion and Analysis Quarter 3 Ending 30 September 2019 To : The President The Stock Exchange of Thailand WICE Logistics Public Company Limited

1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 24 February 2020 No. ZEN 2563-003 Subject Management Discussion and Analysis for

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. 1 Tambon Tarsit, Amohoe Pluag-daeng, Rayong (Translation) 1 KWM 009/2562 August 13th, 2019 Subject : Management Discussion and Analysis the three month-period and six month-period ended June 30, 2019

management of the State Railway of Thailand, etc. The total operating expenses in Q1– 2023 decreased by 25. 3% , which was a decrease in line with the decreased revenue compared to Q4–2022, in which those

management of revolving loan. Q4/2017 Net Profit The Company and its subsidiaries recorded net profit of Baht 28 million, a decrease of 76% YoY, representing a net profit margin of 1.8%, reducing from 7.7% in

shareholders' equity 6,032 60.0% 5,881 58.9% 2.6% Dusit Thani PCL Management Discussion and Analysis For 2Q18 and 1H18 P a g e | 10 Profitability ratio remained resilient in 2Q18, showing improved EBITDA margin

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Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Third Quarter and Nine-Month Period Ended 30 September 2017 1. Q3/2017 Highlights Figure 1