-Translation- Ref. WINNER 018/2020 May 14, 2020 Subject: Management Discussion and Analysis for the 3-month period ending 31 March 2020 To: The President The Stock Exchange of Thailand 1. Analysis of

Microsoft Word - ORI_MDA_Q1'20_EN PAGE 1 ORI-FA002/2563 Dated May 14, 2020 Title: The operating results of Origin Property Public Company and its subsidiaries for the first quarter ended March 31st

every mobile user in April and May, respectively. Also, there is a measurement to decrease electricity bill to every household. All of these measurements will affect mobile top-up, data package top-up

- Translation - No. LMJG/SET/2020/013 May 18th, 2020 Subject: Clarification for the change of Operating Results more than 20% Attention: The President The Stock Exchange of Thailand Impact from the

terms, sponsorship contracts with CFC and EFL are ended in June 2021 and May 2022, respectively. Yet, the Company has rights to extend contracts with EFL for another 2 years at the current rate of fees

mainly due to production stoppage in the Company till 1st week May last year. 2. Cost of sale Consolidated cost of goods sold amounted to Baht 4,891 million and decreased by 7% YoY due to lower sale volume

utilities bill reduction. Also, NBTC’s measurement for free data and voice in April to May affected Company in short- term on mobile top-up and bill payment. However, the Company has prepared its cash flow by

1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 6 May 2021 No. ZEN 2564-009 Subject Management Discussion and Analysis for the 1st

negative impact of the Company, the Company has a plan to dispose the investment in beauty business which may affect the investment in WCIH as the Company’s subsidiary termination. In addition the Company

-1- AIT (VP-SEC) 017E/2020 May 11, 2020 Subject: Management's Discussion and Analysis of Operating Results for Q1-2020 To: The President of The Stock Exchange of Thailand Summary of Operations Q1