in consumer behavior towards online delivery, After You has made a slight change to the previous branch expansion plan to open 6 new outlets in 2020. The new plan involves continuing with the 2-3

plan regarding the expansion of biodiesel business of the Company. Details of the Board of Directors’ opinion and details of the capital increase and the allocation of the newly issued ordinary shares

Q1/2020 due to higher franchise royalty fee from Mikka Café as a result of franchise expansion. Q1/2021 vs Q1/2020YoY Revenue Q1/20 Q1/21 Change +/(-) (THB million) YoY Revenue from Dessert Café 204

following details. Financial performance Statement of income Consolidated financial statements for the year 2018 2017 Change (Audited) (Audited/Restated) Increase (Decrease) THB Million % THB Million % THB

Business categories Operat ed by For the three-month period ended 30 June % Change Increase (Decrease) For the six-month period ended 30 June % Change Increase (Decrease) 2017 2016 2017 2016 THB mm % THB mm

to increased sales of delivery (3) increased cost of branch staff, rental and utilities from branch expansion and (4) issuing discount promotions to draw traffic and create brand awareness. 4 Zen

expansion into business factoring loans, the Company has continuously grown in term of factoring loan. The credit approval is increasing and no non-performing loans due to the strict criteria of customer

Management’s Discussion and Analysis Change in Capital Structure • Total assets increased by 6.7% from the end of 2019 to THB 129,907 million as of March 31, 2020, primarily due to the continual expansion of

to continuous increase in Equity MW from Small Power Producer (SPP) capacity expansion serving increase in demand of Industrial customers of approximately 5%. The main distributions were from GNLL

Market (“TWSE”) and the offering of Over-allotment option by the Company for the purpose of supporting future business expansion domestically and internationally as well as for the purposes of overall