March 2018, GPSC and its subsidiaries' total assets increased by Baht 2,095 million or 3.5% from 31 December 2017, mainly from the increase in cash and cash equivalents as well as the investments

. The company’s financial position: As of 31 December 2017, GPSC and its subsidiaries' total assets increased by Baht 1,940 million or 3% from 31 December 2016, mainly from the increase in the investments

Acquisition of Assets and the Connected Transaction 2. Information Memorandum regarding the offering of the newly issued ordinary shares to specific investors (Private Placement) 3. Capital Increase Report Form

assets which comprised by contract rights, inventories and fixed assets from UFAS (Thailand) Limited amount of 28.5 million Baht (exclusive of VAT). The objectives of acquisition are decreasing in

(3) decreased financial expenses. Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 Analysis of Financial Position Assets As of 31

: 35.95mb) , increased by 12.18mb or 33.9% . SG&A consists of mainly indirect staff costs, office rental and depreciation & amortization. The increase in SG&A is mainly attributed a debt written back in Q2

48.13mb (Q2 2018: 35.95mb) , increased by 12.18mb or 33.9% . SG&A consists of mainly indirect staff costs, office rental and depreciation & amortization. The increase in SG&A is mainly attributed a debt

) (99,489) (9,060) (9.11) Cost of Service (42,149) - (42,149) 100.00 Gross Profit 70,749 52,065 18,684 35.89 Reversal of doubtful debt 4,640 3,170 1,470 46.37 Other Income 5,859 3,210 2,649 82.52 Profit

loss in Q1 2020 but turned profitable in Q1 2021. 3) Lower tax expenses. 2) Financial Position Analysis (Unit : Million Baht) March December Change 2021 2020 Amount % Change Total Assets 23,138 22,346

Change 2021 2020 Amount % Change Total Assets 23,201 22,346 855.33 3.83% Total Liabilities 14,390 14,605 -214.46 -1.47% Total Equities 8,811 7,741 1,069.78 13.82% For the 3rd quarter of 2021, the Company’s