(3) decreased financial expenses. Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 Analysis of Financial Position Assets As of 31

price increased 9.26%, while volume sold decreased 3.94% from the same period of last year. However, the Company has expanded market to industrial sector and household sector in order to maintain overall

Yai, Chachoengsao, Rayong and Diana Hat Yai Branch. Industry Overview Thailand’s overall economy expanded at a slower pace than expected in 2Q19 due to external demand. The escalated trade tension

in Q2 2019 dropped by 2.40% compared to last year. Export Volume dropped by 2.52% due to the global economic slowdown as overall economy may be affected by the international trade war. Domestic demands

from overall F&B business is not less than THB 100mn in 2018. On Financial strength and cash flow, the Company recently get approved from 2018 Annual General Meeting of Shareholders to maintain debenture

%. However, the Company has expanded market to industrial sector in order to maintain overall LPG volume, resulted in increased LPG sold to industrial sector 55.92% from the same period of previous year. While

industrial sector and household sector in order to maintain overall LPG volume, resulted in increased LPG sold to industrial sector 78.15% and to household sector 335.19% from the same period of previous year

Yai, Chachoengsao and Rayong Branch (which started operating since 1 November 2018)). Industry Overview In 3Q18, Thailand’s overall economic growth accelerated from all major spending categories

last year. However, the Company has expanded market to industrial sector and household sector in order to maintain overall LPG volume, resulted in increased LPG sold to industrial sector 55.26% and to

Limited (“The Company”) and its Subsidiary (“The Group”) would like to submit the operating results for the year ened 31 December 2017 with the following details as below : Overall Business The Group’s