adjustment of derivatives according to the adopted accounting policies for derivatives and hedge accounting. The main reason was the change in fair value adjustment of cross currency swap contract between JPY

% from the previous year. The selling expenses are employee's expenses, sales commission, maintaining room expenses that has not been transferred, expenses of the ownership transferring. The main change in

) % Change 2019 2018 Sales revenue 274.53 224.09 50.44 22.51% Other incomes 3.77 0.74 3.03 409.46% Total revenues 278.30 224.83 53.47 23.78% Cost of sales 117.60 85.18 32.42 38.06% Selling expenses 82.72 61.72

(Hereinafter called “The Company”) still has carried adjustment of the business strategy to focus on the large project since last year and we got purchase order from big industry in this year in an amounting of

Summary of operations and the factors that make a significant change Summary of Operations for the Year 2022 Operation Overview Annual Balance Change 2022 2021 2022 VS 2021 Million baht (MB) (MB) % Total

% percent of sales revenues. The Group operating profit sensitivity to change in the Thai Baht/USD and Chinese CNY/USD exchange rates is currently about Baht 200m per quarter for every 10% change in the

past several years. Also, the change in accounting standards, which effective in 2020, affects the scheme of provision allowance for non-performing loans of financial institutions. However, it is

(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

Public Company Limited (Hereinafter called “The Company”) still has carried adjustment of the business strategy to focus on the large project. Moreover the Company still development quality of product and

Unit : million baht Service income Q3/ 2020 % Q3/ 2019 % Change 9M/ 2020 % 9M/ 2019 Change Sea freight 162.62 18% 168.23 28% -3.33% 435.87 16% 502.43 30% Air freight 436.33 47% 214.80 35% 103.13