The Stock Exchange of Thailand 1. Analysis of Overall Operating Results and Financial Position of the Company and its subsidiary 1.1 Analysis of Overall Operating Results for the Company and its

also later opened up to all employees. Maintaining a strong liquidity position has been 2 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02

. FINANCIAL POSITION ANALYSIS Financial Position (MB) As of 31 Mar 2020 As of 31 Dec 2019 Increased (Decreased) % Total Assets 22,096.70 21,180.88 915.82 4.32% Total Liabilities 10,766.33 10,167.06 599.27 5.89

software developers, interest income, dividend income, gain from sale of fixed assets and gain on investment. In Table 2 , HUMAN‘s revenue structure comprise of 2 business units , HR service and Financial

DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 SEPTEMBER 2017 3. Financial highlights (based on Thai FRS) Q3 2017 Financial Position Summary as of 30 September 2017 compared to Q3 2016: Q3 2017 Q3 2016 YoY change

depend on the location and the use of assets. Consultancy Fee Income, the price is fixed by costing plus with reasonable profit which depends on the difficulty and the scope of service in personnel. 3

to 72% in 2Q18. The improved margin was not only attributed by the increase of fixed income from SW revenue and higher revenue per visit of non-SW category but also from the efficient cost control of

1 Ref: AC.024/2019 3 August 2019 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

Financial Position as at March 31, 2018 and December 31, 2017 (Unit : Million Baht) 2018 2017 Inc. / (Dec.) % Current Assets 253.65 305.00 -51.35 -16.84 Non-Current Assets 258.72 259.75 -1.03 -0.40 Total

1 Ref: AC.017/2018 14 May 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating