subsidiary Aphakorn Industries Company Limited change status from an associate to a subsidiary which receive repayment from PA Capital Company Limited is making a profit from fair value adjustment of 6.14

quarter 2 material adjustment of price decrease. The cost of raw materials prices are remaining to produce higher sales price at that moment.. 2. Cost of palm oil refining service in the fiscal year 2014

THB. 10.7 million in 2Q’18 and increase in financing cost. Moreover, in year 2017, non-controlling interest profit was high base from adjustment of THB 7.7 million of social security income and

46.2% -56.0 -11.5% Cost of Sales 238.2 26.0% 291.8 31.4% 53.6 22.5% Gross profit 156.2 17.1% 169.5 18.3% 13.3 8.5% Profit (loss) Fair value adjustment of investment property -3.6 -0.4% 6.1 0.7% 9.7 269.4

adjustment of operating strategies and the proportion of underwriting, resulting in the rate of the insurance claim is decreased. Please be informed accordingly. Sincerely yours, - Singed – (Mr. Wongsakorn

and Cash Equivalents Taking into account all the aforesaid as well as (i) an increase in translation adjustment, (ii) cash and cash equivalents of subsidiaries at acquisition date, (iii) cash and cash

account all the aforesaid as well as (i) a decrease in translation adjustment, (ii) cash and cash equivalents of subsidiaries at acquisition date and (iii) cash and cash equivalents of subsidiaries at

increase of THB 13.1 Mn or 23.2%. This increase was mainly due to the (1) the increased number of franchise branches (2) adjustment increasing the royalty and marketing fee rates for those franchisees

, respectively, due to increased revenue from the sales strategy adjustment of the WICE company Logistics (Hong Kong) Limited. Increased revenue from air cargo management, which is considered the main revenue of

(2) adjustment increasing the royalty and marketing fee rates for those franchisees renewing their franchise contracts. Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang