(14) Finance Cost 5 7 (29) Net Profit 40 23 74 (Unit : Million Baht) Financial statements in which the equity method is applied Q1/2019 Q1/2018 % Change Sales and Service Income 485 467 4 Cost of Sales

) Finance Cost 10 15 (33) Net Profit 88 51 73 (Unit : Million Baht) Financial statements in which the equity method is applied Q2/2019 Q2/2018 % Change Sales and Service Income 1,001 934 7 Cost of Sales and

of Sales and Services 412 375 10 800 759 5 Selling and Administrative Expenses 43 48 (10) 87 99 (12) Finance Cost 5 8 (38) 10 15 (33) Net Profit 48 29 66 88 51 73 - 2 - Financial statements in which

No. INGRS066 30 March 2021 Subject : Management Discussion & Analysis (MD&A) for the consolidated financial statements for the financial year ended 31 January 2021 To : The President The Stock

financial instrument is recognized in other comprehensive income. Any ineffective portion is recognized immediately in profit or loss. The consolidated statement of financial position as at 31 December 2017

. Excluding this adjustment, the net profit was THB 9.2 Mn with a margin of 1.5%. 6 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 Financial

June 30, 2020 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For six months ended June 30, 2020 Overall Group Performance Table 1

as follows. The total revenue of the Company and its subsidiaries in the consolidated financial statements for the year 2017 was equal to 762.85 million Baht, an increase of 148.67 million Baht or

loans target. The net profit in the fourth quarter of 2018 was 454.91 million baht. An increase of 134.90 million baht or 42.15% from the same period of the prior year. The total revenue was 1,010.39

achieved expansion loans target. The net profit in the fourth quarter of 2017 was 320.01 million baht. An increase of 83.19 million baht or 35.13% from the same period of the prior year. The total revenue