of THB 1,117.55 million, increasing THB 113.33 million, or 11.29% from 2017. The increase in revenue is mainly due to the growth in revenue from the Company and subsidiaries in Thailand, which

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, Bangkok 10250 THAILAND Tel

ended December 31, 2018 as follows: Performance Overview The Company and its subsidiaries had profit attributable to equity holders of the Company amounting to Baht 2,494.31 million, increasing from the

Attention: President The Stock Exchange of Thailand CH. Karnchang Public Company Limited (“the Company”) and its subsidiaries would like to clarify the consolidated operating result and financial position for

increased loan to an associated company. Total liabilities amounted to Baht 58,491.15 million, increasing by Baht 819.33 million from the end of prior year due to increased loans. Total shareholders’ equity

franchise fees (3) increased efficiency in support functions due to economy of scale that resulted in staff expense increasing slower than the company revenue growth. Zen Corporation Group Public Company

IT Junction branches that have not achieved to the target performance. However, due to an increasing of sale in coffee shop business, the total revenues of the Company is slightly decline as compare to

by 20.8%. This represent net profit margin of 0.91%. The major reasons for the Company’s net profit increasing were the Company can achieve a higher total revenues and gain from fair value adjustment

%. The major reasons for the Company’s net profit increasing were the Company can achieve a higher total revenues and gain from fair value adjustment on investment property. Thus, the details of the

from other brand, representing 37.87% compared with 36.78% in 2017 because the Company changed product proportion by increasing brandname sales to attract the customers. Nevertheless, the Company plans