rate of the extend period amount of 1.85 million baht. **** The interest calculated by the approved loan and the period of loan. Borrower Lender Approved Loan (MB) Interest Rate Period of time Value of

Asset turnover (times) 0.5 0.7 1 Calculated from operating revenue 2 Net Profit attributable to equity holders of the Company/ operating revenue 3 Net Profit (Annualised) / Average Total Shareholders

Line Extension and the record of interest expense of such project to the income statement resulted to the decrease in financial ratio related to the profit. * The operational results were calculated

3.2 (16.7) (35.2) Total Revenue 423.6 100.0 1,462.6 100.0 (1,039.0) (71.0) 1 Backlog include only sale with sales and purchase agreements 2 Calculated from interest bearing debt to equity Management

May 31, 2020, the loss allowance for a financial instrument was calculated based on the concept of expected credit losses (ECL), the principles of hedge accounting and forward looking macroeconomic

) Calculated based on total revenue from sales of food and beverages per total operating days of the same branch 3 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250

Asset of the company Consideration = 282/337.74 = 83.5% 4. Share Value = Not used because the acquired asset is real estate Remarks: NTA = Net Tangible Asset is calculated from total asset subtract

assets5 (%) 43.2% -47.0% Debt to equity (times) 0.3 0.3 Asset turnover (times) 0.8 0.4 Remark:  Financial ratios were calculated based on The Stock Exchange of Thailand’s formula. MANAGEMENT OUTLOOK The

% Debt to equity (times) 0.3 0.4 Asset turnover (times) 0.7 0.4 Remark:  Financial ratios were calculated based on The Stock Exchange of Thailand’s formula. MANAGEMENT OUTLOOK The COVID-19 pandemic has

than 2.5 times as stated in loan and debenture agreement. * The operational results were calculated based on the consolidated financial statements which consist of the Expressway Business, Rail Business