to 24.1% in 2018 which was mainly due to the increased service cost of outsourced warehouse and logistics. Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250

logistics. Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 The gross profit (after deduct costs of sales and service) decreased from THB

an external provider of warehouse and logistics management services, whereas the Company did not incur such expense in the corresponding period of 2018. It was also ascribed to a total increase of

Ref Ref. No. Thor Bor. 004/2561 March 16, 2018 Subject 1. Consider entering into transactions with related parties 2. Sale of land with building to Saha Phatanapibul Public Company Limited (Addition

คำอธิบายและการวิเคราะห์ของฝ่ายจัดการ 15 May 2020 Re: To clarify the financial statements as of 31 March 2020 To: President The Stock Exchange of Thailand WHA Corporation Public Company Limited (the

คำอธิบายและการวิเคราะห์ของฝ่ายจัดการ 10 November 2017 Re: To clarify the financial statements as of 30 September 2017 To: President The Stock Exchange of Thailand WHA Corporation Public Company

company in the market to seize the opportunity to transform itself to become a provider of Offline-to-Online (“O2O”) Solutions. Now it is the leading company offering all-rounded advertising services that

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 015/2018/EN 14 November 2018 Subject: Management Discussion and Analysis of the Company and subsidiary for the period ended 30 September 2018 To: The President

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 012/2018/EN 15 August 2018 Subject: Management Discussion and Analysis of the Company and subsidiary for the period ended 30 June 2018 To: The President of the

คำอธิบายและการวิเคราะห์ของฝ่ายจัดการ 11 August 2020 Re: To clarify the financial statements as of 30 June 2020 To: President The Stock Exchange of Thailand WHA Corporation Public Company Limited (the