1 (Translation) MD. 063/2018 May 9 , 2018 Re: Management Discussion and Analysis For the Operating Results ended March 31, 2018 To: President The Stock Exchange of Thailand Management Discussion and

1 Ref: AC.006/2019 25 February 2019 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

Rnj, (Translation) MD. 036/2020 February 26, 2020 Re: Management Discussion and Analysis For the Year Ended December 31, 2019 To: President The Stock Exchange of Thailand Management Discussion and

-1- AIT (AVP-SEC) 023E/2017 10 August, 2017 Subject: Management's Discussion and Analysis of Operating Results for Q2-2017 To: The President of The Stock Exchange of Thailand Summary of Operations Q2

1 (Translation) MD. 045/2019 February 27, 2019 Re: Management Discussion and Analysis For the Year Ended December 31, 2018 To: President The Stock Exchange of Thailand Management Discussion and

S&P MD&A YE2018-ENG -1- Ref. POL. 029/2019 February 27, 2019 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock Exchange of Thailand S & P

Payment of Corporate Guarantee fee for the relating company (RPT) To: The Managing Director The Stock Exchange of Thailand (SET) According to the Extraordinary Shareholders Meeting of Phuket Fantasea Public

1 (Translation) MD. 045/2019 27 February 27, 2019 Re: Management Discussion and Analysis For the Year Ended December 31, 2018 To: President The Stock Exchange of Thailand Management Discussion and

1 (Translation) MD. 083/2019 May 8, 2019 Re: Management Discussion and Analysis For the Operating Results ended March 31, 2019 To: President The Stock Exchange of Thailand Management Discussion and

-months period ending 31 March 2019 To The President The Stock Exchange of Thailand We, ZEN Corporation Group Public Company Limited (“the Group”), are pleased to provide you our management discussion and