(net profit margin of 27.0%), an increase of 6.96mb or 9.9%. 1. Revenue Structure Table 2: The break down revenue by business entities. Type of Revenue Jan-Jun 2019 Jan-Jun 2020 Million Baht % Million

. However, The Hotel temporarily close due to COVID-19 effected revenue from hotel operations portion decreased. The following table shows the total revenue structure by business type according to the

structure The Company continues to emphasize the efficiency of management of financial structure, be flexible in time of economic fluctuation and maintain financial costs to be appropriate for business

% Food Delivery & Catering, 11.1% Sales of Raw Material, 5.7% Retail Merchandise, 2.0% Revenue from Sales of Goods, 96.2% Total Revenue Structure 1st Quarter 2021 4 Zen Corporation Group Public Company

347.7bn or THB 457mn3  (MACO THB 343mn and VGI THB 114mn)  15.0% from newly issued shares – initial investment  10.0% from existing shareholders Shareholding Structure *Trang & Partner Co., Ltd. is held

% 622.35 100.00% -23.53% Revenue from transmission and telecommunication tower + (-)For the 3-month Period For Quarter 2 Year 2020 (Million Baht) Revenue structure + (-) For the 6-month Period 2020 % of Sale

and hospitality business. Page 7 of 7 Management Discussion and Analysis 2018 Financial Position and Capital Structure As at 31 December 2018, the total assets were 58,930 million Baht, increased by 44

Capital Structure As at 31 March 2019, the Company reported total assets of THB 62,978m, an increase of THB 4,048m from 31 December 2018, including THB 22,227m Current assets and THB 40,751m Non-current

2Q18 as gain from fair value adjustment of investment property. Page 7 of 7 Management Discussion and Analysis 2Q2019 Financial Position and Capital Structure As at 30 June 2019, the Company reported

2019, therefore, the Company and subsidiary companies have to increase the reserve for staff benefit by 32.96 million THB. Financial Structure The Company emphasizes the effectiveness of financial