28.5 Mn. 2 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 Performance Statement of comprehensive income 1st Quarter 2020 2021 Change

Discussion and Analysis 2018 Performance Summary Consolidated Statement of Comprehensive Income (Unit: THB Million) 2017 2018 % YoY Q4'17 Q3'18 Q4'18 % QoQ % YoY Revenues 5,858 7,539 29% 2,564 1,815 3,648 101

, which changed in revenue and net profit compared with the last year as follows: Statement of Comprehensive Income (Unit : Million Baht) Details Three-Month Period Nine-Month Period 30 Sep 19 30 Sep 18

Comprehensive Income 80.72 21.07 59.64 283.00% 92.50 81.20 11.30 13.92% EBITDA 105.57 53.47 52.11 97.45% 155.35 153.82 1.53 0.99% The operating results of the separated financial statement for second quarter

3.56% to 4.61%, the earnings per share was increased from 1.13 Baht to 1.34 Baht, the net profit was increased 18.39% and the comprehensive income was increased 45.31%. For the separate financial

domestic spending o Branded domestic sales of canned fruit dropped by over 40% since the crop of the Company’s major agricultural raw materials such as rambutan, longan and lychee were declining last year

steel production control. Chart of world steel production capacity utilization, ending 31 December 2017 Source: World Steel Association The main raw materials (Pig iron, shredded scrap) the price movement

materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated since the first quarter of 2016, by increasing in the first and the second

% Owners of the parent 108.97 59.89 49.08 81.96% 256.31 147.59 108.72 73.67% Statement of Comprehensive Income For the 3-month periods (April - June) Change For the 6-month periods Change (January - June) R

PPG products caused we cannot bid for any projects , and we have to set up provision for obsoleted raw materials and stocks. Please be informed. Yours Sincerely, Panya Boonyapiwat Chairman