2Q 2019 CONSOLIDATED P&L SNAPSHOT * The Company restates the financial performance starting from 1 August 2018 after the measurement of fair value of Trans.Ad Group’s identifiable assets was completed

(17,593) (63.3) Total 355,946 100.0 388,184 100.0 (32,238) (8.3) In Q3/2019, Sales and service revenue from the Company and its subsidiary (“the Group”) totaled at Baht 356 million, a decrease of Baht 32

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

, during the year, the economic situation and consumer confidence continuously worsened which resulted in the Group’s SSSG for year 2019 decreasing by -4.7%. 4 Zen Corporation Group Public Company Limited

Services segment as well as positive order intake in the Outdoor media product group. The expansion to include Digital services business (Rabbit Group) constitutes a cornerstone of the VGI Group’s strategy

performance of the Group Unit: Million Baht Q2’ 2018 Q2’ 2017 Increase (decrease) Variance (%) Total revenues 1,822 1,909 (87) (5%) Net profit 170 116 54 47% The Group’s total revenues for the second quarter of

performance of the Group Unit: Million Baht Q3’ 2018 Q3’ 2017 Increase (decrease) Variance (%) Total revenues 1,875 1,853 22 1% Net profit 137 54 83 154% The Group’s total revenues for the third quarter of 2018

) million baht. It was since the company had repayment to bank continuously. Financial position as at September 30, 2018 The group’s assets increased by Baht (144.39) million, mainly due to the following

(“the Group”) as follow: THB Mn THB Mn THB Mn % Sales of goods and services 1,214.9 1,115.7 99.2 8.9 Revenue from finance lease under power purchase agreement 99.2 100.9 (1.7) (1.7) Revenue from

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 28 February 2019 No. ZEN 2562-010 Subject Management Discussion and Analysis for