the temporary closure of some branches in areas and the higher proportion of take-home products and orders via food delivery services, which have lower margins due to higher packaging costs. In addition

gradually increased since June 2022, as a result from an economic recovery from COVID-19 pandemic. As a result, more tourists on both domestically and abroad have travelled in Thailand which results in a

continue to expand "Mikka Café", including both company-owned branches and franchise branches. Expansion of After You Dessert Café branches In April 2023, the Company have plans to expand 3 more After You

25.7%, increased from 11.7% in 2022 of total customers. This was driven by the recovery of Thai tourism from Asian tourists, especially Vietnamese, who have been a new customer group since the end of

Ref. No. IVL 003/02/2019 26 February 2019 The President The Stock Exchange of Thailand Subject: Submission of Annual Audited Financial Statements and the Management Discussion and Analysis of

1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 8 May 2020 No. ZEN 2563-011 Subject Management Discussion and Analysis for the 1st

Company have neither ability to manage finished goods (HRC) nor trade negotiation. Due to the Company had no choice but necessary to sell them just for generating income circulating used in the business

to change as market conditions and actual outcomes may differ from forecasts. BAM makes no representation or warranty of any type whatsoever on the accuracy or completeness of the information contained

policies. When recognizing expected credit losses on the Company’s financial assets, it is no longer necessary for a credit- impaired event to have occurred. The Company applies the impairment approach to

revenues from sales and services from distributor of medical devices and equipment at the 3Q/2017 was 87 million compared to the 2Q/2017. This is because medical devices have been delivery since end of 2Q