Discussion and Analysis (MD&A) Page 2 of 15 Major Events in 2Q20 Mitigation plan for affected businesses during COVID-19 pandemic situation The Company re-opened all 34 malls in May 2020 according to

with estimated 8-10% growth of core revenue. • Plans to open 11 new hotels: In 1Q19, the Company opened 2 new hotels in the Philippines (Dusit Thani Mactan Cebu and dusitD2 Davao). Later in April, the

also later opened up to all employees. Maintaining a strong liquidity position has been 2 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02

asset report will be more flexible in that the report must be sent within 5 working days of the following month to the clients or at least once a year to the clients who have been inactive for more than a

asset report will be more flexible in that the report must be sent within 5 working days of the following month to the clients or at least once a year to the clients who have been inactive for more than a

the risk calculation, and (3) updating of the net liquid capital calculation methods to be more flexible and suitable to the current market trends. This latest draft amendment has already taken into

aims to facilitate private sector?s issuance of new financial products in response to market needs.  Under the proposal, the principle-based set of rules enabling a more flexible coverage of various

while classification of assets treated as capital will be more flexible. In this regard, guidelines for the business operators unable to maintain adequate capital will also be prescribed. The consultation

new COVID-19 outbreak. As of March 31, 2021, the Company has renovated areas in the Dessert Shop to open a total of 14 “After You Marketplace”, with 3 newly opened branches including Future Park Rangsit

เย็นสำหรับการลงทุน หรือเป็นแบบที่ต้องการความคล่องตัว สามารถถอนตัวจากการลงทุนได้ทันทีตาม ความต้องการทุกเมื่อ 1. กองทุนเปิด (Opened – End Fund) คือ กองทุนรวมชนิดที่ อาจมีการกำหนดอายุโครงการหรือไม่ก็ได้ แต่